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Https://elements.visualcapitalist.com/visualizing-gold-price-and-u-s-debt-1970-2023/

And this is BoA point of view for silver:

https://www.kitco.com/news/2023-11-29/Silver-prices-will-see-steady-support-from-EV-solar-in-2024-could-spike-with-industrial-rebound-Bank-of-America.html

Gold reaches 2,073.2 +1.72% ATH at market closing.

That should drag up gold mines prices.

Some macro figures that explain the current rally in gold.

1.Dollar index = 102.77, falling from the high of 107 reached 30 days ago.

2. T2 = 4.75%, falling from the high of 5.1% 30 days ago;

3. T10 = 4.32%, falling from the peak of 5% 30 days ago.

Conclusion: As US rates and the dollar index continue to fall, gold rises.

About Singida superpit: take a look and pay atentiom starting at min 6:53

https://youtu.be/kzMpQlHB89w?si=Xn8SzneaGd_45iQO

I Agree. Another clear exemple of Shanta undervaluation vs peers is SilverCrest Metals. Take a look:

https://www.silvercrestmetals.com/news/index.php?content_id=526

http://www.investing.com/equities/silvercrest-metals-inc?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_i

That is, 20% of the gold extracted in a year (= 3,400 tons or 110 million ounces) is purchased by China.

But China produces 300 tons of gold a year.

The question is: are the 300 included in the 700 or not?

If they were not, China alone purchases 30% of the gold produced in a single year.

Taking a look at TIKR...this site after taking into account all information known by now (gold price, ounces to be produced, AISC, taxes and so on) they assume that Shanta price should be 0.31 GBP.

Pretty target, isn't it?

Https://www.reuters.com/plus/why-central-banks-buy-gold

A little helping for higger gold prices from CB's

https://www.ft.com/content/abc39431-1755-4906-b11e-ee9e53baadfe

This is the kind of thing on E.Zurrin mind when he talks to us about the upcoming drilling grades from Singida.

https://www.superpit.com.au/

Really interesting information about Singida geology. I never thought Singida where that relevant for Shanta's future.

So, The upcoming Singida drilling update is going to be determined for Shanta prospects and stock price, because Singida is a small one and just producing mine.

If Eric is right, we are on the verge of the discovery of an unexpected brand new multimillion gold deposit at a frendly land.

God knows

Https://youtu.be/GqASyese6_I?si=K0Icp1p2ncp6Ai-P

What has been impressive to me is the gold grade they have obtained at recent drillings at Singida, ranging from 23 gr/tom up to 320 gr/tom ( Page 10 Q3 Production Presentation).

Singida is 400 km away from Victoria Lake Gold belt, where "majors" (Barrick, etc.) have their Tanzania mines.

All this region is gold rich and high grade.

So do I.

Curiosos thing:

https://www.silvercrestmetals.com/news/2023/index.php?content_id=525

Silvercrest is going to produce 100 K gold ounces and 7 m silver ounces this year. That is 200 m + 154 m in revenues.

SirlverCrest Market Cap = £ 590 m, 9xPER

Shanta Market Cap = £ 110 m, 5.5xPER

To be listed at AIM IS a bad deal for Shanta

This Explorer could be a goog exemple to take conclusions about what should be the WK value at the moment.

This is the example of the work to be done by Blackrock Silver Corp at Nevada. US

This guys have been drilling for 3 years in order to fill Up the resources matrix. They have find 100 M silver ounces equivalente in resources (about 1.5 m gold ounces at a pretty good gr/tn ratio).

The Market Cap of BlackRock is $ Cad 60 m.

Once the drilling is done, they have to go into the financing and constructing part of the proyect that probably may take 2-3 years time and few hunders million bucks.

So, this is the real thing.

https://blackrocksilver.com/investors/

Blackrock Silver (BRC) is at C$0.2950 (+7.27%)

http://www.investing.com/equities/almo-capital-corp?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

Anda this one for New Luika gold mine:

Shanta Gold; New Luka Mine, Luika, Tanzania

This is the right place where shanta gold mine at singida is.

Type in your DriveApp and presd Enter key:

Singida Gold Mine (SHANTA), Mang'onyi, Tanzania

Take a look using satélite view.

This is the right place where shanta gold mine at singida is:

https://maps.app.goo.gl/Z5hmKoEJCPqoWVrB7.

Take a look using satélite view.