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6,517 Posts.
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24/08/23
08:34
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GBZ - Newcrest have spent ~$3.8 million so far as part of a $25million farm in looking for the next Pajingo.
It's a real search.
I know a lot of gold explorers have been smashed. Does have a con note, but:
- 1.8 million ounces open pit
- $25 million Newcrest Farm In
- Mt Morgan copper/gold leases surrounding Australia's once richest gold mine and the birth capital for BP Petroleum (fascinating read)
Recent Money of Mine fundie interviews have reiterated the importance of Australia as the pre-eminent location for gold discovery - Hedley Widdup.
Above is not financial advice and my opinion only.
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