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If a farm in mining company spends say 5 or six million pounds on one of our licences drilling
i would assume that they would be entitled to the Research and Development fund even though it
would be our licence? Or would no one get it?
With the financial state of the worlds economy after the Corona virus hopefully ends where is the best place to put your money?
If it is true what forecasters are saying then gold will be substantially higher than it is today.
So any mining company that invests in ECR now will be able to get it considerably lower than months down the line if that is the case.
It seems the further down you mine the better the results as experienced at the Fosterville mine.
Their grades this year are 87% higher than they were when the mine opened in 2005.
This is due to the depth they are mining in some places down to 127m depth.
I think we have drilled on some of our exploration down to 47Metres.
Victoria revealed that there is about $500,000,000,000 worth of gold still to be recovered. Some of this not being commercially recoverable.
Possible suitors for JV with ECR
Newmont who have interests in the following mines Jundee, Finiston, and Boddington.
Greatland also tied up with Newcrest at Havieron
Newcrest who have interests in the Telfer mine
Each would have the financial muscle to invest in ECR
It is about time we started manufacturing our own drugs as we are too dependant on supplies from overseas. If they run out where do we source them from. This Corona virus has shown us why we need to do exactly that. We have some of the best scientists in the world at our disposal and we all need to start buying British whatever the products. Although our manufactured goods are more expensive than those from China they are better made and last longer. Our dairy and meat products are probably the best in the world.
Rant over
The following trades were made today according to the London stock exchange which have not shown up on here
11.24 388,477 £1,989.00 0.51
12.04 96,097 £492.28 0.51
15.06. 17,416 £94.05 0.54
15.23 203,292 £1,097,78 0.54
15.36. 275,229 £1,500.00. 0.55
All sales Plus 9% on the day
After the virus has gone there will still be gold in the ground nothing has changed on that front.
However Australian gold prices have hit a seven year high of $2,746.32 per ounce and explains why there are so many
interested parties getting involved with explorers