@Mai_Bagholder Dave is definitely the one who should be presenting the story! Very articulate and comes across genuine. I’m all for expanding the recover as well! Haha. Not sure why that would be amateur hour nonsense.
@moneybags2000@real_MikeBarnes That’s what I’m wondering, sell it off or keep it? It would be worth a hell of a lot more if it was back in production and spinning cashflow for 6-12 months, but they also have their hands full. Either way, the value of it isn’t $0 like the market is attributing to it.
@real_MikeBarnes I think we might be on the precipice of a proper drop in the stock market and a rotation into the PM space, but I could be totally wrong as well! 🤣. Anyways, I’m sticking to gold / gold miners
@MaddHattering@real_MikeBarnes Pan has been running fine and Gold Rock will be ran by essentially the same team, so I’m confident on that one, but they don’t have a lot of room for error with Copperstone as the market will severely punish any screw ups. Luckily Kevin Small is the right guy for the job.
@real_MikeBarnes I wouldn’t have made any money on RIO the last few years had I listen to him and sold my gold stocks. These chart guys all think they are god
If you’re selling gold because of fusion alchemy, you’re front-running a reactor that doesn’t exist, fed with mercury that costs 100,000x more than the gold it makes, to produce bars you couldn’t legally sell for 15 years.
Marathon Fusion’s idea is real physics, since fusion neutrons can turn mercury-198 into gold.
1. Even optimistic models give 2–5 tonnes per gigawatt plant per year, against roughly 3,500–4,000 tonnes of annual mine supply
2. Enriched mercury-198 sells for about $15,000 per milligram today, while gold trades near $135 per gram
3. The gold would need 14–18 years of storage before it can be sold, so a plant’s first sellable bar arrives well over a decade after it switches on
@IJCarrasco Could be a real rip as all th guys waiting for $3500 would be scrambling to get back in. I’ve never seen so many people so confident that gold will bottom at $3500
$MAI.TO Not going to lie, I thought the CDO permit would put more of a floor under the stock. They should try to increase the operating line or line up some more debt financing, otherwise the market will get jumpy with every dip in the gold as there could be a small funding gap.
@MisterUppy $MAI.TO - going from 35k ounces of gold to 180k ounces over the next 2 years. All three mines are permitted, 2 in the US, one in Mexico. All brownfield projects except for CDO in Mexico. All fully funded builds as long as gold remains above $3500/ounce.