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Biggest fear over investing in explorers is when is the next financing, which big name investor is going to scoop up new shares at half the "cheap" price i am paying ...the ONLY protection against it will be knowing that management are deeply deeply invested in the company with their own taxpaid dollars not shares awarded for free.
Good to discover peter is still around and even better to get a fresh reoort from him on Fortuna's fortunes! Great story about the blind discovery of kingfisher at sequels. Can't help but wonder however, if already 40% extra is being squeezed out of the mill, is it likely to drop back towards nominal capacity in future...?
This sector is univestable due to the FED. I did not understand this when i began investing. Fundamentals don't matter. Good management does not matter. I have been in these stocks for a decade and have gone nowhere or lost money. I truly regret it. I will stay the course but when i exit I am done.
God this sector is so depressing. Low energy blah.....This guy goes on Arcadia economics all the time too... physical is meaningless in a infinite synthetic 🤡 🌎 silver sucks tremendous @$$
Central bank buying is pushing the price of physical up, they don't buy the miners, that's why miner's are basically lost causes at the moment, nobody has any interest, hopefully with gold over 2 thousand they can make good profits to attract buyers again, 2025 story most likely.
UEC would have to be the best Uranium investment. Look at the resources,the team, but more importantly the major shareholders; big sister black rock holds 7%, middle sister vanguard holds 5%, and little sister state street has just taken a big slice of PEN who UEC recently pulled the processing rug on.mmmm. BOOM! Watch this space
Banyan currently has, I believe, a larger resource than its neighbor and producer, Victoria Gold. Fun facts: Tara's husband is John McConnell, the CEO of Victoria Gold. Will their union also lead to a union of Banyan Gold and Victoria Gold?
@@dustinwhitley4462 Not to my knowledge. Also, the likely next president of Mexico is a leftist, and is a former Secretary of the Environment. That doesn't sound like someone who is going to be mining friendly.
This company last raised in March and is near broke. Not sure why, with such impressive resources, they have a difficult time raising money. Untouchable, in my view, until they are cashed up.
The key issue is whether Mexico will grant permits for open pit operations (which is half Los Ricos South and all Los Ricos North). As Brad mentioned, they've only applied for an u/g permit at present.
Depends on all sustaining cost (AISC) of individual mine plus additional costs Will incur from keeping The mine Out of production (typical upkeep that Will Be expenses with norhing to sell to offset The costs).
The Diamba Sud project IS great. Capex at $150M and IRR at 100%. Enables quick growth as payback is swift. Two first years of operation are guaranteed profit.
Aztec minerals will be successful. I am invested heavy ... and just wait to see stock rising to the moon... the time is now ...2023 will change everything
Excellent interview! I value Mr. Grandich's opinion highly, and it always great to get his view on the financial world. I find it hard to believe this video has less than one thousand views, and its been out nearly a week! Liked and subscribed!
I agree with both Peter And Harry. When Peter was talking about oil all these years, now hes laughing. He was right. So why Cant we see similar trends in Gold? Mining and Oil and Gas are still the largest hit unemployment sectors of the economy. It still remains at the top. no denying... trust fund fall short of expense. Entire Government presidential budgets are being eaten alive. What Really needs to happen in America is to drastically cut Military defense spending. It must. They cant just start nibbeling away at Trust funds. America can no longer under pressure inside america be able to wage war outside of the country. Just ballooning cost for everything,.I mean if Trump wins AGAIN! Is Powell Really gunna start handing him all these money to fail some more. just a awful situation so awful. Christ sakes all this military spending and the damn country is in such social disarray . wtf is the point of a military on stand by if we dont do what even jim cramer would suggest to fight covid. call in the military. if were gunna have the largest military budget on earth possibly more so than aliens. Might as well use the damn thing to make some good in america. Naah I think China is going to be the safe haven out of all countries. They have such robust response to covid. If America is not going to use the military to help covid. Then they should make the cuts to that. Far as im concerned america has no standing what so ever to tell other world powers what to do. its no feasible with the kind of internal problems america is facing. I expect Gold to do the same as what oil did pretty soon.
just watching how badly america is failing on covid. 5 to 10 years i might be living in Puerto Rico too. Homes will be so dirt cheap they are going to have to give them away since this governments plan is to reduce our populations each passing year with the enclaves of mutations. be like that tv show "last man on earth"
Disagree with Harry here. Firstly, Gold never went under its price on 7th of september 2007, nothing ever goes up in a straight line! In 1980s there were numerous 30% crashes in gold but it still went up significantly over this period. It’s very clear that Gold went up in response to crash even as USD rose in 2008, every gold investor knows this as well. If you invested at start of 2007 during 2008 you were at worst up 17%, so poor argument. Secondly, in 2008 inflation and money printing were much less of a problem than today. Trillions have been printed and inflation is already at 7% and beginning to get ingrained. When inflation rises over time USD must fall to preserve purchasing power parity overseas. Arbitrage opportunities guarantee this as it would be cheaper to send money overseas form US then buy a basket of goods and send them to America which can’t sustain as eventually everyone would do it putting downwards pressure on USD. Ultimately this is extremely bullish for gold In terms of USD.
