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Gold, Gold Companies worth buying
mullokintyre
post Posted: Today, 09:15 AM
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Dow down 1000 ponts overnight.Not good for the big banks and trading houses.

Looks like the plunge Protection team have stepped in and started to crunch gold.
Will take some profits today and wait.

Mick



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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Feb 1 2020, 03:34 PM
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In Reply To: nipper's post @ Feb 1 2020, 10:12 AM

Brilliant Nipper, another copralitic takedown.
So good I almost missed it.
You have a mind out of left field.

QUOTE
(and as for some Canadian fairy, just POQ)


Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Feb 1 2020, 10:12 AM
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In Reply To: nipper's post @ Oct 29 2019, 10:43 AM

a shame there are 3 Gold threads weaving a web of confusion, such that some posts disappear without a trace (and as for some Canadian fairy, just POQ)

the Fosterville discovery NE of Bendigo has excited the punters. Big players taking early stakes means some potential upside has been taken.
Tim Boreham writes widely on the region; latest missive is "Behind The Victorian Gold Revival"
https://www.sharecafe.com.au/2020/01/29/beh...-revival/

Its mostly about the latest excitement Kalamazoo KZR, also gives a mention to Navarre Minerals NML, Catalyst Metals CYL and Chalice Gold Mines CHN, all looking for the next elephant
QUOTE
.....meantime, the Victorian government is due to announce the winner of a new tenement grouping called Block 4, which abuts the Fosterville mine. To describe the tender as hotly competed is somewhat of an understatement, with all of the key players expected to have competed in the Dutch auction process...




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Nopoo
post Posted: Jan 28 2020, 03:51 PM
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With gold prices heading to $1600 USD per ounce and many junior gold companies having challenges to finance their projects, Guyana Goldstrike's management delivers a creative and non dilutive way to finance their advanced gold project Marudi.


________________________________________________________________________________
__________

NEWS RELEASE

Guyana Goldstrike Signs US$9 Million Gold Forward Purchase Agreement



Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) announced it has signed a definitive gold forward purchase agreement, dated January 24, 2020, with an arms-length investor for proceeds of up to US$9,000,000, for the Marudi Gold Project located in Guyana, South America.

Under the terms of the Agreement, the Investor will make an initial payment of US$2,000,000 on or before April 14, 2020. Thereafter, a second payment of US$7,000,000 will be advanced within thirty days of a royalty interest in the Project in favour of the Investor having been registered.

The Agreement is non-dilutive to the Company’s current share structure as no shares or warrants will be issued to the Investor. The proceeds will enable the Company to finalize its purchase of the Project and further explore and develop the resource potential of the Property.

In consideration for providing funding, the Company has agreed to deliver 30,000 ounces of gold, representing approximately 10% of the Project’s current mineral resource estimate. Deliveries will commence within 120 days of a declaration of commercial production from the Project, or within 36 months of the initial funding under the Agreement, whichever the earlier, with an annual delivery schedule of 3,000 ounces. The Company has also agreed to grant the Investor a right of first refusal to acquire a further 30,000 ounces of gold, on terms to be negotiated between the parties.

The delivery obligation of the Company will be secured by a 12.5% net smelter returns royalty in favour of the Investor, to be registered against the Project. The royalty will not be payable while the Company meets the deliver schedule and will expire once all delivery obligations under the Agreement have been satisfied.

________________________________________________________________​

HIGHLIGHTS



Share Structure 58 M I/O (Jan 2020)


Zijin (HK) Resource Funds own 20% (invested $3.2M in 2018)


Advanced Exploration Project with 40,000 m drilling completed


Two Mineralized zones / deposits the Mazoa Hill & Marudi North


43-101 Gold Resource of 345,700 oz - Mazoa Hill zone / deposit


Near Surface Open Pit Mine Scenario


13,500 acres (54 sq. kms) in size


15 % of Project Explored to Date


New Discovered Area the 2.5 km Toucan Ridge trenched Sampled as high as 23.5 g/t gold


21 Geophysical Targets Identified


Geophysics Showing More Depth and Lateral Extensions to Drill Targets


Driller Company Selected


Property Drill Ready


Mining Permit for Production in Place


Mining Camp in Place




Symbols: GYA.V / GYNAF / 1ZT

www.guyanagoldstrike.com



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Nopoo
 
Nopoo
post Posted: Oct 30 2019, 10:50 PM
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Former Senior Vice President of Ivanhoe Mining Joins Guyana Goldstrike


Guyana Goldstrike Inc. announced that Mr. Edward Rochette has joined their Board of Directors.

Mr. Rochette is best known in the mining industry in his role of Senior Vice President of Ivanhoe Mining ltd. where he spent 25 years negotiating and acquiring various projects in over 35 countries.

Mr. Rochette presently consults for Mr. Robert Friedland, founder and Executive Co-Chairman of Ivanhoe Mines Ltd., conducting mineral acquisitions in Utah, Nevada, Arizona and China.

He is a Mining Executive, Land Manager, a member of the Oregon State Bar Association and former CEO of East Asia Minerals.

Over the course of his tenure he has worked in over 50 countries and is responsible for the acquisition of world class mining properties, including Monywa copper mine in Myanmar, Bong Mieu gold mine in Vietnam, Bakyrchik gold mine in Kazakhstan, Oyu Tolgoi copper mine in Mongolia and the Miwah gold project in Indonesia.

At Nerco Minerals, Mr. Rochette was responsible for 14 western territories and left his legacy in the form of consolidating and reopening the Cripple Creek mining district, currently owned by Newmont Mining and home to a 13-million-ounce gold reserve.



Assays yield 47.6 g/t Au over 3 m within 9 m of 21.2 g/t Au at Marudi



The company reported that three chip-channel samples were collected from fracturing in oxidized quartzite-metachert (host rock) at the Marudi gold project.

Assays returned values as high as 47.6 g/t Au across 3 metres within 9 meters of 21.2 g/t Au.

The samples were taken as part of the company’s objective to expand the known mineralized areas and add to the current existing mineral resources.

Mr. Locke Goldsmith, M.Sc., P. Eng, P. Geo, VP Exploration,

“These chip-channel samples are important as they increase knowledge about structural controls of high-grade gold mineralization within the host strata. A better understanding of controls will enable us to more effectively target our drilling on areas with high-grade gold potential.”




www.guyanagoldstrike.com





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Nopoo
 
blacksheep
post Posted: Oct 30 2019, 07:48 PM
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In Reply To: nipper's post @ Oct 29 2019, 10:43 AM

Gold's most sought-after piece of land up for grabs - map showing location
https://www.afr.com/companies/mining/gold-f...20191028-p5352q



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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nipper
post Posted: Oct 29 2019, 07:13 PM
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In Reply To: nipper's post @ Oct 29 2019, 06:48 PM

the yield curve has reverted (to normal-ish). 10's are above the 2's.
the local QE talk is just that. A shot or 2 across the bows.

Sure growth is sluggish, but there's a pullback from continuing non-conventional measures. and, sure, abnormal interest rate returns are helping riskier behaviour but that's the New normal. And/but Where is $inflation?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 29 2019, 06:48 PM
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In Reply To: jacsar's post @ Oct 29 2019, 05:17 PM

yes ... though, just because
QUOTE
... we have a triumvirate of asset bubbles (stocks, real estate and bonds) that exist globally....
...there is no causal link that the asset class that dares not say its name will be the beneficiary.

Gold is Insurance.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
jacsar
post Posted: Oct 29 2019, 05:17 PM
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In Reply To: mullokintyre's post @ Oct 29 2019, 03:27 PM

Another view.... https://www.kitco.com/commentaries/2019-10-...rket-crash.html


Said 'Thanks' for this post: nipper  
 
joules mm1
post Posted: Oct 29 2019, 03:57 PM
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In Reply To: mullokintyre's post @ Oct 29 2019, 03:27 PM

in the instance of actual systemic failure the correct question is :

got a bag of salt .....several bags of salt ?
lol
if you have gold the only person buying from you is someone with a bag of.....lemme guess......gold ?
here i'll give you a bar of gold for one of your bars of gold, what for, what are we gunna do with it? .....ask the guy with the salt, he's in most demand
rolleyes.gif





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

Said 'Thanks' for this post: nipper  
 
 


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