When a company finalized it exploration work with a JORC reserve of gold, that is, a certain proven and measured resource with a certain proven and defined value, and wants to finance the development and commissioning of a gold mining operation, with the usual CapEx and OpEx, there are those at the big end of town who will finance the construction of mining projects secured by collateral and payment in gold bullion from the project It works a bit like a mortgage for property albeit at the big end of town.
IDC Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
