Post by
CNG1978 on Oct 01, 2023 8:42pm
for context
Happy Sunday all, hope everyone had a good weekend.
I do see Newmont mentioned quite a bit here in relation to Gold Terra. Just for context, I am not even sure the resources that Gold Terra have now even qualify as a Tier 4 asset, let alone Tier one. Newmont is not interested in anything that is not at the very upper end of a Tier 1 asset. I.e., 500,000 per year for 20 years in the lowest percentile of the cost curve.
What Gold Terra have going for them right now is 1) the potential to hit banana grades at depth and 2) GP, because a successful track record opens doors and very often leads to further success in this industry.
If they hit bonanza type grades at depth, then we may have a bit of a bingo. Newmont doesn't assume control of 30 million or even 300 million dollar gold juniors. They assume control of 3 billlion dollar gold juniors.