Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
This has the answers you need. It's the BGS Copper Profile.
https://core.ac.uk/download/pdf/59864.pdf
There isn't much difference in the grand scheme of things between GDX and GDXJ - they follow each other quite closely. The ratio of GDXJ/GDX has sat at around 1.4 since about 2016. Plot GDXJ/GDX in trading view to see what I mean.
This is an interesting read. It is a 2020 report by By Paul Mylchreest of Hardman & Co and is an open letter to the LBMA . This is from the introduction.
"Gold should function as a signalling device, acting as a warning sign and stabilising influence for a global financial system that has overstretched itself. This one has, with the need for unconventional monetary policy passing the point of no return.
The gold price is being held back ? potentially increasing moral hazard across the entire global financial system ? which is where reforms by the London Bullion Market Association (LBMA) can play a role.
As we show you in the report attached to this letter, the structure in London’s OTC gold market – the hub of the global market ? is frustrating the ability of the gold price to function as it should. We demonstrate how this has been the case for many years. Longstanding structural issues in regulation, transparency and, most importantly, trading practice, are acting against the interests of key stakeholders, e.g. gold mining companies, investors and, directly or indirectly, all participants in financial markets. We believe that gold should, and could, play an enhanced role in the global financial system, if a small number of issues were addressed. In the report, we show how the link has been broken between market fundamentals for gold bullion and the gold price for long periods."
The playing field isn't level......
https://www.hardmanandco.com/research/corporate-research/open-letter/
https://www.gold-eagle.com/article/gold-price-exclusive-update-123
Their summary of the article
Long-term – on major BUY signal.
Short-term – on sell signals.
Gold Sector cycle is down.
The correction continues but may be ending soon.
LittleCrumbs it definitely looks like number of weeks on the X-axis.
https://twitter.com/MiningCatalyst/status/1367846111898083329/photo/1
ProfQuatermass, the latest Hannam note has Au production of 187,000 oz Au from late 2023 (let's say start 2024) until 2028 (let's say end 2028) and then 670,000 oz Au from 2030 to 2042 and then 543,000 Oz Au until end of mine life in 2053. If we assume that the ramp up from 187,000 to 670,000 oz is linear then summing that up implies Hannam are assuming a total deposit size of around 16 Mozs.
This video was posted by someone else on the GGP board in the last few days and is well worth watching and explains why the FED can't put up interest rates. We are in for a long period of inflation and low interest rates it would appear.
https://www.youtube.com/watch?v=O8JFFK71PCc
TradingView is also very good and has a free plan.
https://uk.tradingview.com/