Post by
oilisswell on Sep 19, 2024 4:04pm
Beaver Creek Resort Precious Metals Summit
Just listened to the presentation Brad gave at the Precious Metals Summit in Beaver Crrek Resort, Colorado. Nothing much new but something did ring a bell. While talking about LRS and explaining the underground mining proposal, Brad stated that they now expect the permit sometime during the 1st quarter 2025! No doubt this would send traders scurrying for the exit door. Could explain why the rise, then the fall in share price as this is digested by the investment community, while metals are holding firm!
However, he also stated that they will be drilling deeper in LRS, as previous mining, around 1929, had found deeeper veins (~800m) that were never exploited as things ground to a halt in Mexico. As well, they now have over 40 concessions. All this should provide a much greater potential going forward. In addition, he stated that they are now cash flow positive (~800 thousand a month), a little late but good news nonetheless.
Here's the link for anyone interested:
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/13/gogold-resources-inc/play/stream/38927
Comment by
Therealkray on Sep 20, 2024 5:21am
Brad stated that they now expect the permit sometime during the 1st quarter 2025 At what part of the video did Brad state that? I thought i heard him say he hopes to open a new mine early next year.
Comment by
Therealkray on Sep 20, 2024 5:29am
I mean they could get the permit before next year ?
Comment by
impega on Sep 20, 2024 6:16am
They are awaiting "final inspection " so the permit is subject to the scheduling and conducting of an inspection ( out of their hands I am guessing). The projecti is shovel ready upon recceipt of permit. Water and electricity have been secured. Stock won't be this cheap for much longer IMHO.