RE: Gold9 Jan 2023 13:38
Just listened to his Bearcast: he loves to go on a bit.
His hypothesis is that there will be a bull market in gold with the price going to >$2,000 and maybe >$2,500. His view is that RRR will go higher off the back of the higher price and that if the gold goes crazy (which presumably is closer to $3k though not defined) RRR will go a lot higher.
Last time gold was >=$2k the SP was around 2p and RRR now has more gold assets.
NBGC
Migori
Cote d'Ivoire
Burkina Faso
Colombia ($3mil royalty)
There was the possibility of a gold asset in DRC but that seems to gone away.
He also reckons there will be more M&A activity. If gold does go to between $2k and $2.5k, I expect Soma would want to get the El Limon plant back into production sooner rather than later.
Anyway however it works out, it is not negative for RRR. It would also mean that it would be much easier to list NBGC and easier to get a JV partner for Migori.
Gold currently $1,876.
DYOR