Ann: Significant Bulk Sampling and Blast Hole Results, page-40

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tasboy

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20/03/24

17:31

Post #: 72980936
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Originally posted by Dyno: ↑

Yep.When that big US inflation lie 'chicken' on how it's calculation changed in 2021/22 comes home to roost, the decline will go from a currently slow but steady, to a train wreck.

BRICS countries, especially China, have been buying gold through the back door, keeping their trades off the markets so they can't be seen. They have collaborated with other countries, the Africans, Russians and Saudi's to get their hands on it, on the quiet. They have enough to destroy western markets overnight. the ~2500 tonnes the west says that China has, is outdated by 20 years. You can comfortably add a zero to that 2500T and multiply the result by 2.Will be interesting when BRICS gets going with their cross border exchange transactions. IMHO, it will be backed by gold/silver and other critical commodities.

The USD, you might as well use as fire starting paper.

In terms of Australia, Iron ore won't save us this time.... Simandou is coming in Africa with Australian iron ore being replaceable , the deposit is that large and high grade. The feds have done a great job at increasing sovereign risk , mainly regulatory hurdles, green, red, indigenous tape, watermelon nimby's (just look at ARU which would otherwise never get off the ground without $900m of taxpayers money, or the greenies having a crack at SVL to try to halt it after approvals. Some lithium deposits in Brazil are going from resource discovery to mine building in under 3 years and will run at less than half of the AISC of the best lithium miners in Australia).

Ladies and gents, hold onto your hats and get ready!!

all imho.

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Not to mention the high, and rapidly increasing, cost of energy, with no baseload replacement in serious consideration.

SVL Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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