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28/09/17
22:09
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Originally posted by Dazedandconfused
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chiming in on the Witts 2.0 story....
I am convinced it's real.
My question is ... who is going to end up being the ultimate owner[winner]?? imo... it will be Novo. .... because... they control a lot of the ground. It might take a couple years to map out the purple patches and understand the prospect. Then .... it will be cherry-picked for the very best areas... might be gold everywhere but the low hanging fruit will be gathered first. Novo might put in place a host of JV's but if they have the good stuff on their own land that's where the investment money will go.
If there really is as much gold as people are speculating.... it will be mined for the next 200 years. Buying in on the tiddlers might be brilliant ... but only if it happens they have a really good patch. Witts 2.0 is a modern day gold rush and gold fever is about.... but it is a matter of who has control as to who actually makes any long term money....
The other thing that is going to change is the traditional gold miners will eventually be priced down.... it's already looking as though production costs for Witts 2.0 will be significantly lower than anything underground and almost certainly cheaper than open pits.
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It's quite an amazing thing to watch: the second video above from @Dazzle101 tells the story of 'right time, hopefully right place'. And if so.. it's going to be a REALLY big deal.
Check out this post by @thunder54 over on DEG: https://hotcopper.com.au/posts/27504636/single