AZY 3.03% 3.2¢ antipa minerals limited

Just a question to the people that think going mining right now...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 12,298 Posts.
    lightbulb Created with Sketch. 401
    Just a question to the people that think going mining right now is the best pathway at this present moment -

    How do we get the money for that ? raises /debt ? How much would that all cost ... probably a whole lot more than proving up more of a substantial resource- which gives a pathway to getting the backing investment/ interest to do that - Now with the rising price of Gold if it holds and rises from here - that will provide more of a case to borrow -
    It is a lot more than drilling imo -
    So exploration is a crawl till you can walk game - you have to have a very viable prospect before it is feasible to get money ... I know it is hard every year to keep raising- however hundreds of millions ? would be needed to build a mine .... Just saying - chicken or egg ...
    Do some maths as to the costs maybe ...
    Or invest in a company that is already a mine cool.png rather than an explorer..
 
watchlist Created with Sketch. Add AZY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.