Freddie210 Oct 2023 12:47
How much gold have they got down there !
How much gold have they got down there !
How much gold have they got down there !
How much gold have they got down there !
How much gold have they got down there !
If JPM or whoever are paying you, PG Tips and Co then they need to up their game and get someone that is better researched or if not that someone with a conscience
Have a read of this RNS. It’s regulated by the London Stock Market. It’s a fact. Something that you seem unable to comprehend. The report itself was verified by SRK Consulting and is Jorc compliant although Newcrest Mining disagreed. They said it was 1% larger.
https://greatlandgold.com/wp-content/uploads/2022/03/20220303_GGP_Hav_Resource_Reserve_Update-with-images.pdf
If you are still unable to comprehend then March 2022 it was 6.5 million ounces Au equivalent. PS Au is the chemical element name for gold. Since then there has been 80,000 metres more infill and growth drilling with nearly all of it reported as intersecting gold and copper.
To give you a rough idea of the value of this 6.5 million multiplied by today’s gold spot price of 1868US$ is worth 12.1billion US$.
There will be costs associated with the upfront capital expenditure and actuality getting the stuff out of the ground of course with the latest numbers being around 680US$ AISC.
This AISC is almost certain to change with the cost of wages, fuel and inflation, as it the spot price of gold which is projected to be 2500-3000US$ in the coming years.
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