They are betting on gold prices yes, but they are also trying to remove the 1.5% royalty which kicks in soon. Assuming mid guidance (335k oz) that's 5k oz p.a. ongoing until the mine ceases. They will also get all underground upside. This deposit could be active for another 15+ years. It's a win win imo
GOR Price at posting:
$3.26 Sentiment: Hold Disclosure: Held
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