RE: Valuation7 Sep 2025 18:09
Ah yes Seingred, my mistake, although it wasn't far off. The definitive agreement to acquire Buritica from Continental Gold was 2nd December 2019, when gold was $1480. The acquisition for Buritica was completed in March 2020 sometime, at a gold price of around $1500-1600 i believe
So either way a lot has changed in regard to golds desirability through rising value. I'm also sure it won't be long before gold reaches 200% up from the time of that acquisition
Obviously it won't reach the dizzy heights of £1bn MC any time soon, but i think it is quite easy to imagine with what we now know, that £320m Market Cap, and price of £1, is very much obtainable in the not too distant future, possibly even by end of this year, which is backed up by many chartists and analysts. factoring in a little money raising possibly of course. We are also entering the most bullish time of the year for gold market movement
Very exciting times, and i'm sure that excitement firmly continues this coming week