Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
https://twitter.com/ValueAimTrader/status/1276146454634119168?s=20
thoughts on this evaluation ^^?
The share has only recently been re-listed, and also i think the gold price has pushed investors to do some research about smaller miners maybe..
As the big gold mines will benefit from a rise in gold price first, and then it trickles down to the juniors which is what we are probably seeing here
I think since grl is a near term producer makes more sense to put your money in being so undervalued.
Question is, how high will this go? And is it best to top up now or wait and see if we get an opportunity later
Hi Speedy,
Ghana is a great spot, mining accounts for 5% of GDP, there has been a lot of mining in the Ashanti region, dating back to the 1890s. And has 23 mines in total, I think in 2014 there was some legislation to stop illegal gold mining (so good for the likes of GRL). Now, I think there are over 300 small scale mining groups.
I think its stable for the most part, but has issues with illegal mining that they are trying to solve. And is safer than a lot of other regions in Africa and has one of the fastest-growing economies.
AngloGold Ashanti’s Obuasi project, committed to reopening with a $500 million investment. So Ghana should be set up, especially with the gold bull run, to grow further (higher taxation if these companies grow more etc).
There is an election in 2020, but, production is meant to start before then
Hope this helps