Analysts have warned to keep close tabs on a potential rush to cash as the u.s.
Bonanza is right next to the penny west mines which is one of the highest-grade undeveloped gold assets in wa.
Rising gold exposes abject policy failure & currency collapse well underway.
Gold and ag in a few years will be the hardest asset to attain.
I think most people who read or invest in this industry are in the same situation.
Imagine the low-grade nature that is analogous with porphyry deposits and the associated large amount of ore that is treated with a heap leach process.
The above bearish picture will be confirmed if the price drops below the 50 simple moving average and the 100 sma….
It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe.
Another 8,500 oz quarter with a build up to +10k oz in q4 and i’ll be calling 73m share all in for 85k oz production in 2022.
Goldfields 1.5 g/t open pit in saskatchewan, with – 1m p+p , 1m m+i, 0.2m inf. – pfs 2011 based on c$1,250. – current gold price npv 980m, irr 76%.