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clock Created with Sketch. 13/03/24
11:52
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Originally posted by UndergroundTrader:
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The hits look good but the micro cap market is tough to move atm - anyone know what they're doing with all the gold reserves/resources in Colombia ? They used $1,400/oz prices from the 2017 DFS but obviously prices have moved dramatically
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They have to shelve project because of the lack of communication with the Indigenous community. See announcement on 7/12/2023. Also, the Indigenous community is not mining friendly, they are very resisting to any international mining company, see link below:https://news.mongabay.com/2022/08/a-13-year-fight-against-gold-mining-in-colombian-community-marches-on/ PNG is their plan B to keep the company's light on, while waiting for next Colombian presidential election in 2026 or until the Indigenous community changes their mind
