A good interview with Michael Gentile an ex fund manager on why gold is the right place to be.
Michael outlines 6 investment criteria when looking at gold exploration stocks:
1. Grade Michael says is really important - As everyone knows Viking's gold is very high grade
2. Potential for scale - The recent surrounding tenement acquisitions ensures if we find more gold we can maximize the size of our resource
3. Infrastructure and Michael even mentions close to an existing mill - The fact we have an existing mine and literally next door to an existing mill will save us or a potential buyer millions in extra costs and also get us quicker to market
4. Permitting - Lots of existing permitting has done as it was once a functioning mine and also the fact that its WA based eliminates an sovereign risk
5. Having someone on the team that's made an economic discovery - Julian has had numerous large economic discoveries including the 2moz+ Invincible deposit at St Ives
6. Experience in capital markets - GTT's bread and butter
Viking mines ticks all 6 boxes we have so much going for us.. No wonder why the sub holder has increased his holding 6 times in the past month
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