End of an Era

 How Does one acquire Knowledge? With academic material and with life experiences that come with age  With academic material there is a stea...

About Me

Retired but always looking for new challenges.
Showing posts with label GFI. Show all posts
Showing posts with label GFI. Show all posts

Friday, May 3, 2024

War II

 Some thing nobody expected is that the world would land in virtual war with no end in sight. How this mess will untangle no one knows! 

We in South Africa have an inept government  which is rather understating the mess we are in .Luckily we have a wide variety of minerals needed by the world. At the moment Gold is doing very well. GFI has taken advantage of this fact by starting mines all over the world in and then being less influenced by unrest and moves towards socialism etc. Their new mine in Chile SALARES NORTJE will only take thee years to ramp up and not the usual twelve years. It is a low cost project. It is already producing gold. Gold remains a store of wealth. Even if the price of gold were to fall by a third it would remain profitable!