April exhibitor show Paul Johnson mentioned the elastic band effect and it's seems the experts see it coming too and with my expectations of SLM going into production soon and the massive gold play at Itogon which will be transformational who's to say the MGA tax losses won't see another gold play that's already operational added to our portfolio.
This week's interview on Palisade Radio, which conducts discussions with top experts in junior mining, features returning guest Jeb Handwerger, editor of Gold Stock Trades.
Palisade Radio says:
When asked what the current geopolitical landscape spells for commodities, Jeb says that all the uncertainty in the world right now is fuel for the precious metals and the energy sectors. Looking back on history, Jeb claims that the invasion of Iraq in 2003 proved to be a huge boost for the junior resource companies and precious metals.
Jeb points out that everyone that is in the natural resource sector, are fortunate, because they can take advantage of all of the uncertainty in the world right now.
Some of the charts of the junior miners are showing an inverse ‘head and shoulders pattern’, equal to a bottoming pattern, and Jeb believes we are at a potential turning point for the junior mining equities. This could signal a final turn from a secular bear market that has lasted since 2011, to beginning of an uptrend which could last 4 to 7 years.
Great post and Itogon is not only in one of the worlds largest untapped natural resources, The Philippines but our exploration permit is smack bang in the middle of historically 48m oz of gold with all the main players around us.
The gold is there and plenty of it but as you say it's a low cost labour project and 10 years ago it was forecasted to be profitable when gold sat at $225 oz so even if we double that we are still making plenty.
Gaining another outside partner for what's you've suggested in the toll processing would keep the costs down and I'm all for that and let them earn a %.
So we have options but can we turn Phase 1 into a mining operation without covering the whole mining area seems to go against the grain and what about the bankable feasibility study?
Can we get a mining license for part of the plot?
These are questions I'll be putting to Patric after the next update as that we give me more of an idea of what to ask.
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