Third US bank just fell and it was a bigger one. Gold looking good for all time US highs soon imo.
Which raises the question, why would the JORC specs be so tight when now is the time to be pulling anything out of the ground because at these prices it’s feasible.
If the cutoff was 0.4g/t as in red frogs MRE above we would be looking at possibly x4 the Nxm current MRE.
Of course the new 2023 JORC specs and its consequences on MRE reports was not explained hence the market reaction.
Same as Dynamech, after talking to Andy and getting a few answers it makes sense why Andy (a top 5er) is not as disappointed in the results.
If we can get something in an announcement about howto monetise I’ll feel a lot better.
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