THE 4 MILLION OUNCE BET, page-10568

Trolls getting desperate now. Quoting the increase in AISC from precisely 1 gold miner in South Africa and assuming that is directly relevant to WWI. Bit sad really.

"Given the median GP in 2023, has risen around 35%.The example AISC increase however is 52%."

The news around finance seems very positive. Obviously if they have contractors on the ground they think finance is near guaranteed. Which of course means we are on the road to production and the gold price increases becomes very relevant. Given we are in a gold bull market and the potential for further increases the upside could be quite good here.

Financiers would of course be using a conservative model. However, they would adjust these models as the gold price increases so the financial projections would be increasing in line with the GP.