Wesfarmers has approx 1,200,000 Oz of gold in its Mt Holland tenements with significant geological upside to discover more which they own 100% from Kidman Resources acquisition.
The Mt Holland lithium project is a global dead duck and lithium is not a "critical metal".
Wesfarmers needs to desperately develop the Mt Holland GOLD interests to offset what it paid for the project plus capital costs to date.
News Artical : Jackson Hewett - The Nightly 12/11/2024
America’s deficits are near record highs, and if Trump goes ahead with his tax cut and tariff campaign promises are forecast to go $US7.8 trillion higher.
If debt keeps going up, the US will find it harder and harder to find institutions to buy US government bonds to fund its spending.
That would lead to a “debasement” of the US dollar – basically a refusal by other countries to buy US treasuries and prop up the dollar. Central banks around the world have already been buying gold in record amounts influence by such concerns.
If the dollar did debase in such a scenario gold would soar.
GOLD GOLD GOLD GOLD GOLD
WES Price at posting:
$69.28 Sentiment: None Disclosure: Not Held
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