RE: VGOLD-CORE tokens and VGOLD tokens22 Apr 2026 23:21
From what I've read and understood from the QGP website, here are the assets backing VGOLD-CORE tokens and therefore VGOLD tokens in easy to understand language:-
It's like they own the keys to a giant, prehistoric savings account buried in the Australian dirt.
The project is a big deal and it's about the size of a small country.
1. It’s like an Underground Beach, so to speak.
Instead of a tiny gold vein hidden inside a mountain, they have found ancient riverbeds.
Imagine a beach from the time of the dinosaurs that got buried under hundreds of feet of soil.
The gold isn't stuck in hard rock; it’s just loose flakes sitting in the sand.
2. The Size (8.4 Million Ounces)
They don't just find gold.
The sand is full of other high-tech minerals used to make things, like, smartphones.
The Math:
They take the value of the Gold plus the value of the Tech Minerals.
The Result:
When you add them together, the total value is equal to 8,422,817 ounces of gold.
3. The Smart Vacuum Equipment
Traditional mining is slow and expensive because you have to blow up rocks with TNT.
They use Smart Mining Equipment
They use sensors to see exactly where the gold is thickest before they dig.
They scoop up the sand and run it through a machine that acts like a super-filter.
It catches the gold and the tech-minerals and spits the plain sand back out.
It's cheaper because they are just moving sand, not crushing mountains.
4. The Truth Stamp
To prove this isn't a fairy tale, they have an official JORC (Joint Ore Resources Committee) Report.
In the mining world, this is a certified bank statement signed by scientists.
It proves to the government and to investors that the 8.4 million ounces are actually in the ground and ready to be picked up.
The Big Picture:
They have 10 official tickets, i.e. permits, from the government, in effect, to clean a massive ancient riverbed.
They’ve already proven it works by pulling out 254,000 ounces in the past, and now they are ready to go after the rest.