Member Info for Coyote2020

Hardly noise. The gold price, the ALL IMPORTANT end product with a 50% decline in price this past year ( ie US$900 today) gold stocks would be a desert as no one could make it pay. With the AISC covered, any additional price increase goes straight to the bottom line and profit.

A 50% increase in price this year.

A 50% increase over this past year.

US$2733 already today.

The gold price having already made US$2733 today maintaining the trend certainly makes those impending Shinganda assays (Copper-Gold) all the more interesting.

RNS out today not posted here.

Bibemi results.

Not just any deal but Rio Tinto are paying US$6.7 billion in CASH for Lithium assets. Majors finally on the move? Look-out Luansobe.

Rio Tinto agreed to pay US$6.7 billion in CASH today for Lithium assets. The Majors are on the move, finally.

Take a look at yesterday's interview (part 1) between Mark Bristow, CEO at Barrick and Henry Lazenby of the Northern Miner. A turning point in the fortunes of the junior gold explorers. At long last.

With rapid progress at Shinganda, Phase 3 drilling completed for 30 holes (RC) and 2213m, extended to include 4 (DD) holes for 445m, 2658m in total, started in late August only 6 weeks ago, a podcast (Sunday Roast) is usually released the same day as the RNS describing the aforementioned.

Drilling commenced at 28001 (Western Foreland trend) two weeks before Shinganda. Albeit a different type of drilling, not shallow angled resource delineation but scout probably vertical which could last until December.

As a podcast is anticipated for this week, a RNS update for 28001 could be on for tomorrow or Wednesday.

Project G is located within 55 km of the Sable Refinery. Nowhere near Luansobe.

Far too early for deals at Shinganda, you'd be giving the asset away especially in the junior space at this time. Define a JORC resource and highlight further potential minimum before any discussions and deals etc.

Sunday Roast and Galileo this week.

The Dark Horse is gradually revealing itself.

Gold finished the week at US$2622. Interest in the junior explorers can't be far away.

Gold made US$2600 this evening after a larger than expected Fed interest rate cut. Copper - Gold or Gold - Copper either way improves the prospects for the Dark Horse Shinganda.

US$2600

Gold makes $2600.78 this evening after a larger than expected Fed interest rate cut.

More likely,

1/ monetary easing resulting in currency dilution.

2/ Fed interest rate cuts making gold the more attractive investment.

3/ tight US general election where gold could serve as a hedge against risk.

4/ geopolitical and economic uncertainty and gold's safe haven qualities.

5/ strong demand from ETF's.

6/ OTC physical demand.

7/ continuous (3 years+) Central Bank buying.

Not forgetting the copper, it is still to be determined whether this is a copper-gold or a gold-copper prospect. Then there is the IOCG possibilities for later on. Busy times ahead.

Hope they find plenty of Gold at Shinganda, the Gold Price has made US$2586 this week and is forecast $3000+ next year.