I wonder who the prominent fund is???
"in a Placement which also
included a prominent North American Gold Fund."Rumour is aussie brokers got scaled back 50% and the uptake was very well supported hence the
$4 millon.
This should now remove any handbrake for CRs for the next year or so and allow the team to develop the assets properly.
Interesting that a couple of industry specific cornerstones wanted in now.
Fits the macro narrative that gold and copper are the two areas that will get some love next couple years.
Shanghai Gold Price now sits circa $2204 USD and they are now the market makers for the gold price moving forwards. (Comex circa $2160 atm)
https://www.gainesvillecoins.com/blog/pboc-secretly-bought-record-735-tons-of-gold-2023Nice work that Damo and the team focused on the Cu and Au potential, which had been overlooked by past incumbents in the area.
(20min delay)