Explorers28 Mar 2024 12:14
Junior explorers eventually have to find something, and either mine it or sell the prospect. An explorer that doesn`t do this but continues to raise funds and explore is a lifestyle company.
We have found good quantities of gold/silver in shallow ground, but nowhere has GWMO indicated this will be mined shortly/this year.
Copper won`t be mined in the next few years, it looks like we weren`t able to find a JV Partner this year, hence the fundraise. However, the more we can prove up ourselves the better terms we should be able to negotiate in the future.
We all know the Permit is pivotal, as will give us an income almost immediately. And as Chisler and apr have said gold is doing very well (and currently sitting at over $2200 per ounce - not a bad time to have some to sell)
Onwards and upwards, fingers crossed, atb to all