Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A great confirmatory RNS, grades appear to be at the levels envisaged by the Feasibility Study and 5 Year Mine Plan. 12 months of proving up further resources into reserves at both MLGM and Singida and stock piling cash for eventual WK deployment will do me just fine.
Https://twitter.com/LukeGromen/status/1663188018071478272?cxt=HHwWgICxvZis6pQuAAAA
An interesting take on things. One I share, and we could very well see the Post 1971 Bretton Woods landscape being altered quite drastically.
@ 15:42 24/05/2023.
The movements today in the US Treasury markets are extreme, the 2s and 10s are surging, in fact the UK Gilt Markets look like running the Truss blow up all over again, they are being dumped across the Yield Curve. Gold hanging in there without too much damage! Of course the US Stonk Market has ignored all that and are sending some chosen stocks back to 200 P/E Ratios.
Zurrin is right, no matter what, there is a full blown sovereign debt crisis that will have to be managed, it’s only a matter of time, and the route we take to the eventual destination.
At these rates, you wont be far off 10-15% budget deficits to GDP in the US!
Interest has certainly picked up here.
This is holding up well in comparison to others down here, liquidity is desperate, and with the M2 shrinkage and Interest Rates lag effect just kicking in, I fear this is just the tip of the iceberg.
2 great updates, growing the resources is now key.
Our new NED is interesting in view of La Mancha and WK development and his experience in developing big mines.
And here comes Uncle Jay to make everything seem okay....
They'll need to sell another USD1T+ of USTs over the next few months in short order in order to refill the Tresury coffers, that in itself will cause a serious greenback liquidity drain.
Interesting movements in both DXY and the UST markers, both rising, signals distress in liquidity and distressed seller's. US Debt Ceiling will play a part in this, but not the whole story...
There is a lot of spinning plates at the moment, you could equally see a retrace or a surge forward in price, the last couple of months gold has actually been stable in percentage terms.
Of course, none of that matters long term, if you believe in gold long terms you believe in a failure in the FIAT system and an ultimate revaluation in the gold price as a standard to link currencies back to, which will happen sooner or later, check out the CBO’s 10 year budget look ahead for the US, straight out of a horror story, and that’s the official rosy version.
An interesting deal, and at a 90%+ premium to the SP (assuming it goes through) during their suspension period, it opens a few eyes, alright. This will be the first of many in the Junior Gold sector and shows how mines can be funded by big direct inward investment.
Newcrest agrees to Newmont takeover. Lots of gold consolidation on the cards. Including us I'd imagine.
Shandong's 6 month takeover suspension on Shanta expired over the weekend, watch this space.
Nice post, interestingly both NGLM and Singida have brand new and extremely large leaching pits, you have to assume both have been designed that way for future expansion to be made easier.
Possibly the $5m relates to additional capex drilling on the permits to prove up the resources to increase production through additional throughput and leaching?
https://www.shantagold.com/_resources/Q1%202023%20Production%20and%20Operational%20Update.pdf
As per the attached (page 5), Singida has a total resource of 885k if they wish to send the capex on proving it up, that is 13+ years of 65k ounces, same goes for NLGM, that has 1.034m ounces to go after once they spend the capex on proving it up.
Both should see serious capex being spent on resource proving now Singida is up and running and the cash is now available to be spent, that is before Yuri expands the drilling zones of course, and we know there is more out there beyond even this.
And especially the regional stuff is on fire, the share price rout may only be the half of it, there's probably a full bank run going on behind the scenes in deposit flight, this weekend will be interesting to see who goes bankrupt, the FDIC will need to be saved also by the FED / Congress, that's also bust at this point.
@16:52, correct.
Add to this we are in the junior side of the resource sector, and the PM sub-sector to boot.
Even investors here who consider themselves political and economic centralists, being investors here suggest you're a contrarian, even if you may not think it yourself, the investing world doesn't really think what we think, investing in commodities as a percentage of world GDP is a rounding error compared to Tech for example, we, I know I am, am invested in companies like Shanta because I think it the relative near future, that proves to be dead wrong under a collapsing post-bretton woods fiat world.
US Banks , especially the regional ones being set alight, tomorrow when the Fed raises interest rates again may be fun!
To top up on any weakness, this week has offered an unexpected opertunity. The shanta 2023 story inly just beginning.
Over the Con Call and Proactive Investor call, this should now be producing largely capex free 9k ounces a month in April, and probably some average 8k ounces going forward IMO.
Add it WK and debt being taken down and the story is only just starting IMO.
The new NED also spent a lot of time at Ivanhoe Mines, with Robert Friedland, getting interesting this.
Tick up now lol.
Looks like new owners and their own management to me.
The SP given the volume stinks, whatever way you want to cut it.
The likes of Oddey, etc. won't be pushed about, they will get their return, but it won't be what we are hoping for from a great little company...sadly.