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$AABB #rGO
It is remarkable that gold prices are nearly $3,000 per ounce higher than in 2022, yet drilling activity remains near historic lows.
The same is true across several other metals.
This situation speaks volumes about where we are in the mining cycle:
· Reserves are being depleted.
· Ore grades continue to deteriorate.
· Drilling activity remains historically depressed.
· Exploration budgets are still declining.
If companies are not drilling today, there will be no meaningful supply response for years while structural demand for metals continues to accelerate.
Game on for metals and mining.
https://t.co/eNVDWSFeny
Hindi ko akalaing mage-gets ko ang Psych Assessment nang ganito. 😭 Thank you, Mx. Em, for making every lecture fun, engaging, at madaling maintindihan.
see you in the field po? 😝🫶🏻 love u po our baby doll! 🫶🏻 @Emenemssss #rpmtwt #RGO
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