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22/06/22
13:48
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Originally posted by onthepunt:
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Almost all of that 7.27mt is inferred. No hope of getting this out of the ground without moving to indicated or measured, which will take a DFS and many millions of $ they don't have. And no way of having any measure of confidence that those ounces are actually there. IMO they are only mining gullible people who don't understand gold or crypto. It looks to me like they are in the middle of winding up CLZ and transferring assets to Archean, leaving holders with nothing but an eventual tax loss. Holders here need to be screaming to ASIC. Maybe get Swami on the case.
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Personally I love the expected date they can redeem for physical gold. No chance they'll be mining any time soon.