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A bit of despondency on Hot Copper Calidus, so did a bit of upbeating - jk1978 calls the deep drilling a damp squib, but 9g/t at 460m downhole sounds good to me! Basically means we have gold down to 1500 feet, and still open. Remember this stuff originates from 20-30km depth - plenty of future opportunity for deeper gold. The Copenhagen cross section shows current drilling including 6m @ 21.47g/t from 131m. I’d say disinterest in the shares at the moment is more to do with the gold price. Once the Chinese take control of the gold price & it stops being manipulated even the lowest grades of gold will be worth mining IMO. We have 2.11g/t from surface & with, I believe, 3 rigs on the go we should start seeing more results. I don’t think people realise just how big this will be, with hundreds of kilometres of open shears - all will be mineralised to some degree. GLA
Hi Brewdog. I originally bought shares in several goldminers but this has ended out by far my largest position. I believe there is a very good chance of us ending out with an open pit 12 km long with several other high-grade satellite pits nearby from which to top up any low-grade ore we may hit along the way. With +2 g per ton from surface I find this resource is outstanding and it could move into production at an early stage by simply carting ore off to Nullagine mine which is fairly close and has spare capacity, providing us with revenue to finance our own processing facilities at very little cost to shareholder. l also believe that the gold price is set to move much higher in the not too distant future with the state the world is in at present i.e. very similar to 2008 crash after which gold price ended out doing very nicely. Hope you end out dipping your toe in, but whatever, good luck!
In 2008 we had the credit crunch when the can was just kicked a bit further down the road and here we are 10 years later with the world in pretty well the same predicament. The only difference is a lot of money has been printed in those 10 years, so now there will be somewhere in the region of 2.4 quadrillion dollars wanting to be somewhere else and a good chance that a good stack of that will be heading for gold. The simple fact that there is no answer to the problem means they will just carry on printing yet more money which will also head for gold, equals our shares in Calidus! Long term I’m looking at this as the bargain of a lifetime A proper little gem !
I have seen that there is only one 10th of a ounce of silver for every person in the world and of that by far the majority is stored in vaults around the world or is in a ring on your finger, around your neck or in your ear or some other form of piercing etc, which means that the amount of silver in the world that can actually be traded is absolutely minimal. Of that the majority is required for business industrial use i.e. used in solder etcetera on electrical connections, then you have the silver coins with America buying as many silver eagles in the last three months as they did in 4 months last year, and there is a shortage of the larger silver bars. On the gold side you hear that Switzerland will only provide 10 of the 20 tons per month (because there simply isn’t enough being mined) that China requires of gold and anyone attempting to buy large amounts is asked to pay 20 or 30% over the spot price. Yet the price is going down!???
Correction Tom! It’s already $5050, the dollar’s so unpopular!
On the US national debt clock http://www.usdebtclock.org/ the US dollar is now so weak that the US dollar to gold now stands at US$5049 per ounce of gold - way different than the US$1207 per ounce on the gold trading price where not 1 ounce of actual gold is traded, it’s all paper - ETFs. A completely new trading structure is needed as the present one obviously does not work. Gold has outlasted nearly 4000 different currencies over time, it looks like the dollar will be no different !
On the US national debt clock http://www.usdebtclock.org/ the US dollar is now so weak that the US dollar to gold now stands at US$5049 per ounce of gold - way different than the US$1207 per ounce on the gold trading price where not 1 ounce of actual gold is traded, it’s all paper - ETFs. A completely new trading structure is needed as the present one obviously does not work. Gold has outlasted nearly 4000 different currencies over time, it looks like the dollar will be no different !
On the US national debt clock http://www.usdebtclock.org/ the US dollar is now so weak that the US dollar to gold now stands at US$5049 per ounce of gold - way different than the US$1207 per ounce on the gold trading price where not 1 ounce of actual gold is traded, it’s all paper - ETFs. A completely new trading structure is needed as the present one obviously does not work. Gold has outlasted nearly 4000 different currencies over time, it looks like the dollar will be no different !
In the podcast Russell, when answering on the subject of distribution of Calidus shares, mentioned possible company reconstruction to bring this about. Does anyone know what he means? If not, I’ll email him and ask. Any other questions anyone has got for him I can ask at the same time?
Gold at present is priced in US dollars, and based on paper gold, as that is what is most traded, not real gold, so whatever affects the dollar price has an affect on the gold price. I keep a careful eye on the US debt clock, where the debt has been falling back at 40 billion a month as they do their quantitive tightening. However this month instead of the debt clock falling back 40 billion it seems to have advanced by a further 40 billion, indicating to me that the Fed has changed its policy and therefore, if that is true, the dollar will soon be finding its true value i.e. 3.5 cents and gold should find its true value which at present on the debt clock is 5036 US dollars per ounce. So if this price is realised in the near future, as we already have a big enough resource to justify a goldmine, any extra resource will be a bonus and CAI share price will be measured in dollars not cents. IMHO
Monty you wouldn’t want to buy a gold mine if it didn’t have any gold in the ground. Gold in the ground is the safest place and certainly still tradable, and, looking at the price of gold, now we have the Chinese gold backed yuan in top gear and making President Trump jump through hoops and throw his toys out the pram. The only price a gold backed currency works at is $10,000 an ounce, coming soon. There’s not enough gold on the planet otherwise. Plus add a Worldwide reset or devaluation, to lose the 2.4 quadrillion of Worldwide debt and you should then be able to add another three noughts to that $10,000 = .......$$$ should be here before escrow then it will be time to party 🍻
To goldminers the price of gold is all important and based on US dollar. On the US debt clock http://www.usdebtclock.org/ the dollar normally loses one dollar per working day to gold however yesterday the price went from 4479 dollars per ounce to 5031 dollars per ounce of gold, showing that printing money is weakening the US dollar, or that in a downturn or before a reset gold is the right place to be. GLA
Only 156 days to Christmas. Buying your nearest and dearest silver or gold could make someone very rich !! We need a campaign to get people everywhere to buy silver or gold and beat the manipulators, and show just how short silver and gold really are.
Central Bank Q1 Gold Purchases are up 42% year-on-year, matching levels last seen in 2014.
There is now 2 month waiting list to purchase 1kg gold bars.
So the gold price is not representative of the sale of physical gold at all, only represents the sale of “paper gold”.
The system is too open to abuse, and is a blatant attempt to keep people from investing in gold, exactly the same as in 2008.
Hold on tight!
Just sharing this from Bigsky on HC -“ Will go 1M oz plus when all existing results plus new drill results are in. I am keen to have CAI finalise the Marble Bar tenement and check out what lies beneath, and conglomerate gold is a potential sleeping giant in newly granted tenements”
10 years ago when interest rates were headed towards zero , my son said to me well that will not last, it will not work. Pensions need nearer to 8% to work. He had just been talking to a financial advisor about his pension. Yet here we are 10 years later and even with dodgy Italian bonds at 2.7% it really doesn’t work. To make it work central banks have had to print trillions and trillions of dollars pushing stock markets to ever higher highs but now heading down, so I believe this has gone about as far as it can go. A World wide reset or devaluation is in order and so much has been printed, somewhere in the region of 1,000 to 1 will be required. Simply printing money does not work, GOLD holds its value and probably why Central Banks are stockpiling it. And luckily we know where there’s plenty! GLA
It is clearer here if this link works for you - https://maps.apple.com/?address=Marble%20Bar%20WA%206760,%20Australia&ll=-21.346417,119.866709&q=Marked%20Location&_ext=EiQpR8fVyK5YNcAxh4kGKXj3XUA5R8fVyK5YNcBBh4kGKXj3XUAisgFodHRwczovL21hcHMuYXBwbGUuY29tLz9hZGRyZXNzPU1hcmJsZSUyMEJhciUyMFdBJTIwNjc2MCwlMjBBdXN0cmFsaWEmbGw9LTIxLjM0NjQxNywxMTkuODY2NzA5JnE9TWFya2VkJTIwTG9jYXRpb24mX2V4dD1FaVFwVVRZMUZNeHZOY0F4REg5K1pVUHhYVUE1anJMMzVvMUJOY0JCNkR0bTdxejlYVUElM0QmdD1r&t=k
Or see if this link works from here - https://earth.app.goo.gl/e2EsmJ
Hi pinecone. Zoom in on Marble Bar, look out for the two granite plates just to the south east, go to the very top of the Northernmost point of the southern plate - you will see a slightly blue bit, just keep on zooming in and zooming in and zooming in and the details will come to light good luck