RE: Barrick Gold signed contract with Egypt27 Jul 2021 18:55
Hi Duster, no disrespect intended I fail to see how it can be priced in because as yet its really only the signing ceremony that has been publicised , the negotiations now are now ongoing regarding the final terms,and if they can't be agreed on then there won't be any development, or mining taking place .
Also at this stage no one knows anything for certain about the allocated areas, AISC, grades, etc,etc, apart from some blokes posing with a pen which means very little as long termers here realise , nothing has changed, despite what is announced in the Egyptian media nothing is certain until it actually happens, and from past experience that can take a very long time, so with with that in mind even the slickest broker or analyst would be talking out their rear end if they claimed to be able to price anything in anything apart from what we already have at present, simply because the quantity, quality and indeed timescales of production and when and if it ever starts are all unknowns.