Out of interest - other Companies where Balaton made a similar announcement Gold Black Dragon Gold - Salave Gold deposit Kin Mining - WA gold projects (recent M&A activity with Genesis) Marvel Gold - Multiple Mali projects Geopacific Resources - PNG Gold projects
Why I posted that interview in this thread.... 43.87% is the largest stake that Delphi have in a ASX junior, PNX have additional EL applications in not to mention the existing mines in the Pine Creek Area (on C&M/Shutdown, but various level of permitting), large scale tenements in the area including EL, are with only a handful of parties - Vista Gold, NT Mining Operations (PNX have already joint EL ownership with them), Kingsland Minerals, Magnusta Minerals.
Something which Ian Telfer said at the 23:40 minute mark. "I think a lot of these mid-tier Gold Mining Companies are kidding themselves thinking they are just going to cruise along & the market is ever gonna get interested in them. Market won't"
Interviewer Soto Norte - Some people are saying it could be a 20 million oz resource... "Again Size Matters, it is so hard to get control of a major gold resource, it's just so hard..." "Barrick haven't done anything for the past 5 years & I don't think they'll do anything..." "when you get an opportunity as we have now, you've got to take that bet"
Ian Worked/partnered with Eike Batista (10 Years), Robert Friedland (10 Years), Rob McKewen (Gold Corp), Frank Giustra
Turned a $17M shell into a $21B old major in 5-10 years. And a pod cast Episode #430: Frank Giustra & Ian Telfer – The Bull Case for Gold
PNX Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
