Post by
givemeabreak1 on Mar 29, 2024 8:36pm
So how much gold is there?
There is so much gold out there it is crazy! Everyone and their brother has a gold project that is economic at $2200 gold. Needless to say they all can't become a mine as the production would double and the gold price would crash. So you really need to identify the most economic projects which is sometimes difficult to do when many of the projects have not progressed far enough to put a reliable economic number on them. This is why I think Banyan would be wise to move up the PEA and take advantage of the strong POG.
In the mean time if anyone has any robust or likely robust deposits please list them. A basket of 5 or 10 projects including this one would be ideal for those who think the POG will remain strong.
I will start with a very good project in a very bad country. Loncor over 3.5 million ounce pit resource with a NPV over a billion dollars, cash in the bank and just started a drill program to confirm another 1.5 million high grade ounces at depth. Pit grade over 2 gpt with about 1/2 in the indicated category. With any drill confirmation likely be taken over by Barrick. Price per share about the same as this one. Market cap much lower based on the country risk.