I am not sure I have enough years left to see JM's dream come true.
ML had better get busy digging then as the Fortune debt is due for repayment in the next 4 weeks or so and that requires approx. 6,000oz of solid gold!! I guess the initial $10mill due on Friday the 2nd October could be used to buy the gold to repay the debt.
The other point to be remembered is CTO becomes the owner of only 40% of the gold mined, actually it is initially 39% as Citigold has agreed to pay a 1% marketing fee to Fortune on its share of gold production over a 3 year period.
Looking forward to Friday, could be an interesting day, or not.
DYOR My thoughts and ramblings only
I am not sure I have enough years left to see JM's dream come...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24047419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1749999 | 2 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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