Something @GrumpyMonkey posted about China and gold got me thinking that whilst the Chinese new year celebrations are ongoing the gold derivatives prices are driving current gold price.
The arbitrage between western priced gold and the Shanghai exchange is growing as more gold heads east and the price will be driven more from that side of the world. Also been seeing that since Chinese property bubble is taking a back seat, everyone is using gold instead to invest in. It's an initiative from the top levels. Eventually that will have an effect.
In the meantime BGD specific, having high gra
de shallow zones adds to quicker payback and better financial metrics for the project. If I take a Central Bank timeline, we are positioned well to be producing gold in a few short years.
Something @GrumpyMonkey posted about China and gold got me...
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