Post by
CaseProdemo on Dec 08, 2023 10:36am
Why majors do not care.
The majors do not care because they do not want to manage 50 mines mines that do 100k ounces each. It cost them much less to manage 10 mines that produce 500k each. 100k does not move the needle for them.
At the same time we are a perfect target for a mid tear producer and there are many more of those and they are looking .They will have to dig deep to make GP give it up like $100 per ounce in my opinion.
He is also not afraid to go it alone and make $600 per ounce. Like Red keeps saying It is all there. High grade in town accesable and lots of unexplored high potential targets.District scale means over 15 million ounces. Or would you rather look for low grade huge deposits in the wilderness that never get build because it cost too much and gold needs to be at $3000 to be profitable. I can give you 10 juniors like that but there is only one of ours that has it all . We would still make money with $1200 Gold. You never own enough of a great project. Those that are in the trade know all this. That's why it is a no brainer.
Comment by
red on Dec 09, 2023 7:22am
Few amateurs have had successful ones including me..... clearly because we have always looking at the wrong things and not looking for the right things ... but not this time !