Original-Research: Desert Gold Ventures Inc. - from GBC AG 19.09.2024 / 06:00 CET/CEST Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible
Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG.
Jared Scharf: These are material break throughs for both companies that cannot be understated and the market is reacting accordingly with both company's stock moving materially higher. Moving forward this provides a precedent, clear understanding and framework for mining companies and investors that even with the recent challenges of the last few years, the Malian government is supportive of the mining industry and its stake holders.
Jared Scharf: Barrick, like all mature mining companies, is constantly looking for opportunities to grow their economic resource base and replace their mining reserves. They typically do this by one of two ways; either through brownfield exploration near their existing mines or via acquisitions. Often times both.
Jared Scharf: I'm somewhat skeptical regarding the narrative surrounding base metals and electrification. I think the market is too. Look at the lithium price for example. I do think the global economy is slowing down and could possibly even dip into recession in 2025. I'm not sure industrial metals will out-perform in that scenario. However monetary metals like gold typically do perform well in that scenario.
Jared Scharf: At the moment there is a huge disconnect between the value of our gold ounces in the ground at roughly $10 market cap per ounce and the spot price of gold at $2,500. My intention is to realize that value disconnect for our shareholders by mining those ounces. I believe as the bull market in precious metals matures, assets like ours will become more valuable which will make it much easier to attract capital in both the primary and secondary markets.
Jared Scharf: To be honest with you I've seen many jurisdictions fall in and out of favor over the years. Mali has been out of favor for several years now, but it wasn't always that way and now this is changing again. The work we do as a company does not change regardless of sentiment. The audience just becomes more receptive to our value proposition. Investors are opportunistic and I think they are seeing the opportunity in Mali because stock prices have been hit hard.
Jared Scharf: At the moment we are sitting on 1.1 million oz resource at our SMSZ project. There are 28 gold zones on the property and only 5 of them are incorporated into the existing resource. We will be updating the resource as part of the mine study and I'm hopeful we can incorporate additional resources from a new zone called Gourbassi West North. But the point is there are obvious ways to grow our current resource base.
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