RE: Rio seeks green tick for new copper mine in WA - Financial Review7 Dec 2023 08:03
This is not related to Winu, but came up on my Google search ref: RIO. I am sharing because the figures are massive, but for RIO they are not, which shows what a powerhouse the company is.
They are spending US$77 million for a pre-feasibility study (PFS) for a project of theirs..... and they're also planning to spend more than US$265 million on exploration over five years from 2024 to 2028 as part of the ongoing study phases for the project. That is serious spending power.
Crikey gold is finally been let loose after being manipulated by JPM (aka USA govt) forever. What’s this mean for money flows into the precious metal sector? Will we see the wall of money finally invest into the goldies? Shaun and co. must be thinking about that ASX listing sooner than later now? All that Aussie pension monies willing to find a new investment. Hopefully someone asks about the ASX listing at the AGM. It feels like H1 2024 could be good timing.
Yeah it was funny. I subscribed to his channel after watching the video. He said gold will not go up in a straight line, kind of like GGP. But as long as both trend in an upward direction 📈↗️ it’s happy days here.
Click the YouTube video I shared this morning. He has a target of $2900 but expects a lot of selling when the gold price hits $3000, profit taking. From the various video interviews I have watched I suspect the gold moves in 2024 will be very pleasing for all goldies. I am hopeful the share price for GGP will be back in the 20s once again.