Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If I heard him correctly Mark said in the first three minutes:
"It would cost $40-50m to turn Mestiza ore into a bar of gold...... we could run the high grade 5.6g/t ore from Mestiza and generate about $200m of revenue".
"we are planning to go for the bigger plant as a function of being able to run the additional ore from the feeder pit"
Its good to see lots of liquidity in CNR shares. I remember a time where 1000 shares was all you could buy and sell.
In readiness for dealing with all those coming capital gains, I sold 100,000 shares from within a pension and bought them back into an ISA. No problems at all. Great stuff!
The lack of coverage in the weekend press regarding gold passing its all-time high should tell you that there are as yet very few people paying attention to gold. Just wait until they climb on the bandwagon and we get that exponential blow-off. You will then see some truly amazing daily price rises.
Connect1, I don't want to see another 'boom' as we just drop back sharply. What we need is a steady 4% rise week on week to give new buyers the opportunity to get in and incentive to stay. We also can't raise money at the 'boom' levels, see how we had to raise at 36p shortly after peaking above 60p.
A £1 value and a cash raise at 90p by Christmas and I will be more than happy.
Yvonne Yue Li, Justina Vasquez and Aoyon Ashraf
July 20, 2020, 7:31 PM
(Bloomberg) — A year ago, you couldn’t get Wall Street to touch most gold miners’ stocks. Today, it’s throwing billions at the industry.
Precious-metals miners once seen as too leveraged and high-risk for the typical investor raised $2.4 billion in secondary equity offerings during the second quarter, data compiled by Bloomberg show. That’s the most since 2013 and seven times more than the funds they raised a year earlier.
With the Covid-19 crisis threatening economies worldwide and gold prices soaring on the heels of monetary and stimulus programs, precious-metals companies have become the darlings of the investment community. The sector, which once largely drew the attention of specialist funds, is now attracting a broad base of investors.