GF1, Gold Road has sold 51% interest to Lagoon for $500K and if the third party to it finds 100,000 tonnes of copper will pay another $500K. This tells me that Gold Road don't have the time and/or capital to continue with the exploration but perhaps like what they have seen so want to keep a cherry in the pie. The third party must also like what they see otherwise why pay the exploration funds for the 51% interest, This was taken from Gold Road's quarterly.
On the economic front, earlier this year US debt went from 32 trillion to 33 trillion in just 90 days and in just the past 30 days they have added another 700 billion to the economy. It is obvious that Gold/Silver/oil/copper is going a lot higher in the next few years.The only reason why the US has not yet seen a recession is because of all this fiscal stimulus. One day hopefully soon the Rooster will come home to roost as clearly the deficits are out of control. We have yet to see this fully filter into Gold and Silver prices however perhaps this is the start. It will take time to gather momentusm though may be a few years.
IVR Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
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