TSXV:ARTG - Post Discussion
Post by
EricSnott on Jul 13, 2024 6:30pm
Tele, here some more DD for you on v.ARTG....
The Artemis Gold project of Blackwater aims to install low-cost mid-tier annual production of ounces of gold equivalent in British Columbia. The region is well known to host deposits of precious metal ore and traditionally is mining-friendly. Plus, bureaucratic hurdles to obtaining mining permits do not exist, and the presence of key infrastructure reduces the risk of Blackwater to a very low level. The open pit mine is expected to produce its first gold in the second half of 2024. The construction of the mine is well supported financially, and all necessary funds have been committed. The final step is imminent for the completion of Phase 1, which will coincide with the start of production. The expanded phases 2 and 3 will then be financially supported by internally generated funding sources.
Blackwater is very profitable on a gold price assumption that is likely to be reflected by future markets, as today there are signs of strong use as a portfolio hedge: this demand for gold will be driven by the risk of recession and, in the longer term, from an uncertain scenario due to geopolitical tensions.
The exploitation of gold deposits is also becoming more and more expensive for most miners who are going to be burdened with significantly higher production costs than Artemis's Blackwater.
Given Blackwater's solid prospects, investors may want to Hold the stock ....
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