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clock Created with Sketch. 14/05/24
14:07
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Originally posted by goldnova1:
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quite plausible we may be waiting until June/July for this payment, also a strong indication that we may only see a portion of the whole agreement fulfilled. i do question how quantums business model can sustain both paying us the full $300,000,000 on top of allowing the same gold note buyers to buy and hold gold with 2x/5x/10x leverage available. The reason i question how quantum can sustain this is all they take is a small management fee to allow people to long gold at 10x with no risk to the downside, theres not a single etf out there that even does that and quantum can lmao?? Use your brain for a second, if something like that was profitable and possible, dont you think maybe JP Morgan or any other huge fund out there may be doing this. they're offering people to deposit $100 and "hold" $1000 of real gold through the platform with 10x leverage and then withdraw that profit. on the recent run up if someone deposited 2000$ and took out near the high quantum owes them 3000$ out of pocket plus original deposit and that's the same money funding our supposed mine? personally I'm wondering how such a small business can sustain this model of business as we all know there's not going to be a full production mine anytime soon to start making that money back? any ballpark figures are welcomed but i would say no sooner than 2027-2028 for an actual mine, thats a long time to be paying out leveraged gold longs and also our 300m with nothing but the pilot plant gold in return. I know they have a bullion business and are opening jewelry stores but that would mean they need to generate hundreds of millions in profits to cover this side of their business that is losing enormous amounts and their balance sheet would indicate that is not currently possible.
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Sorry GN you are incorrect . We do not have a PP atm . The last I heard we don't even have access to the site .
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