Must watch interview with a serial wealth builder sharing his valuable insights into the gold exploration stocks and how you may profit. Learn how to appraise gold exploration and mining companies.
Joining us for a conversation is Brett Richards of Goldshore Resources, which is on a journey to become Canada’s next Tier 1 Gold Asset. In this interview will cover a number of fundamental aspects about speculation in the gold exploration companies, 5 key criteria that all speculators should know before buy a resource stock. We will cover the cost basis for gold 43-101 Mineral Resource categories for inferred, indicated, measured resources, along with proven, and probable reserves.
After a comprehensive review of the aforementioned we discuss the unique investment proposition for Goldshore Resources, which hosts the 6,000,000 Oz. (Inferred) Moss Lake Gold Project, along with catalyst for 2024.
Timestamp/Chapters
:17 Gold price and disconnect with gold mining and gold exploration stocks
4:30 Have we reached capitulation
5:25 5 Key Criteria for Natural Resource Speculators
9:28 Gold Grades and Cost Per Oz. for Inferred, Indicated, Measured, Proven and Probable
11:26 Investment Proposition for GoldShore Resources
13:12 Let’s go on-site
19:17 Updated MRE
21:13 Summary:
23:17 Next Unanswered Question
27:14 Capital Structure
28:55 Stock took a hit
30:40 Why you don’t sell because the stock price drops
31:47 What keeps you up at night
33:40 What did I forget to ask
Goldshore Resources – (TSX.V: GSHR | OTCQB: GSHRF)
CEO: Brett Richards
Website: https://goldshoreresources.com/
3D Deck: https://goldshoreresources.com/investors/#corporate-presentation
About Goldshore Resources:
Goldshore is an emerging junior gold development company, and owns the Moss Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore. Supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Gold Project through the next stages of exploration and development.
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[Music] joining us for a conversation is Brett Richards of Goldshore Resources which is ‘On a journey to become Canada’s next tier one Gold Asset’. Mr Richards welcome to the show! Thanks Maurice for having me on again. Well glad to have you on the program as Goldshore Resources has a
Number of promising catalysts on the horizon for shareholders in 2024. Before we get into company specifics, Mr Richards you have over 35 years of building Building Wealth for shareholders in the natural resource space. Sir would you please share some of your wisdom and insights with
Us on the space and in particular the disconnect we’re seeing between the price of gold juxtapose to the pricing for gold mining and exploration companies. Yeah I I’m very happy to Maurice, you know I think in my career I’ve seen three major Cycles commodity cycles and and this one is been
The most, say the most unusual but also presents one of the biggest opportunities I see and I’ll speak a bit more about that in a minute. But you know yeah over my 35 years I’ve been involved in everything from Copper, Cobalt, Gold specifically with Kinross and and Roxgold and obviously now
Goldshore, but was also I also built a diamond mine, built a Copper-Cobalt mine built a Gold mine and kind of worked internationally for you know for the last 25 years. What I see in front
Of right now is quite unique and I don’t have to I don’t have to reinforce to your audience and your listeners how bad 2022 in 2023 were in the context of kind of the the the the geopolitical situation, multiple situations around the world and and World conflicts that we’re starting to see
Emerge as well as kind of the macroeconomic dynamic of higher inflation higher interest rates which are being tempered now. I think we’ve just seen the perfect storm come up and for a number of metals and I think we’re seeing it in primarily gold we’re also seeing this the
Perfect storm start to develop for for Copper and I think we’re starting to see it for Uranium as well and I think this bull run that we’re entering in 2024. there’s no doubt about it we’re entering
A major bull run here I think Commodities are going to do very well and those three are going to be I’ll say the preeminent Commodities that that outperform others I think there are there there’s an argument to be made that Lithium has been oversold and it underperformed there’s an
Argument to be made that that Nickel will have its day and I think it will have its day but just getting back to gold and gold specifics you know in in the whole time and I’ve always been
A gold investor I’ve always been very strong on the preservation of wealth that gold you know emulates I think what we’ve seen is the uncoupling of valuations of gold companies to where they have
Been historically or where they have been kind of on a per ounce basis based on their resources I look at goldshore today we’re trading at $4 an ounce now historically you know Inferred resources trade anywhere from $10 to $20 an ounce and sometimes much higher, Measure an Indicated
Trade at $50 to $100 an ounce and then Proven and Probable above that. The disconnect is the valuation gold juniors are seeing have seen in the last two years with capital leaving our industry and very few pools of capital coming in to provide liquidity necessary to advance projects and as a
Result of that there are a number of extremely undervalued companies in in the gold space and yes Goldshore is one of them, but I think that allows us to have the, I’ll say the momentum
To outperform not only the gold price but also our peer group and face it we’re entering an election year in the US things tend to stabilize and normalize in an election year and there are
A number of catalysts I think that the election will bring to the gold price as well as I’ll say the confidence that the election results will have in in taking risk off money and putting
At risk on again into our space so I think we’re entering a very very interesting year uh for both gold and specifically Goldshore. So is it fair to say we’ve hit capitulation? Yeah I think so
I think we’ve seen the inflection point where we are going to kind of bounce off it I think gold price has seen it trading it you know 2050 today you know we’ve seen it we’ve seen the
Floor we’ve seen the floor elevate from where it was at 1650 and then 17 and 1850 1950 I think we’ve seen this the floor come up now where you know it’s probably more around 1900 or 1950 than
It was 1650 so that that let’s face it that $300 adjustment in the the range that gold will trade in is a 15% increase which is not bad for the gold price that’s that’s it’s doing what it’s supposed
To do it’s supposed to act as a hedge in turbulent times and we have never seen more turbulent times than we’ve had and gold has been been performing so capitulation for sure inflection we are entering a different trajectory now and that’s up. Well sticking with gold exploration companies what are
The five key criteria that one should consider before they become a shareholder in this space? Yeah i’ I’ve been I’ve been really fortunate in my career to um to see how these these five career you know criteria you know impact the building of a mine you know I’ve built mines in
Southeast Asia and Africa and I’ve been a part of mine builds in North America and South America but I think to make things easy to make as easy as you can make a mind build but you need certain criteria and it always starts with the people. And the people drive the value
By the decisions they make and the second thing is really about infrastructure and working in area areas that where there has been no infrastructure is extremely challenging so I can attest to the fact that you want projects that have access to infrastructure A: it reduces capital. B: it speeds
Up the time frame in which you can build the mine and get into a cash flow producing asset and C: it is it it is really meaningful when you’re looking at power, roads, rail, access international airports, access to governments, access to workforces, all of those things you know will dictate the speed
At which you are able to build and the cost at which you’re able to build it so access to infrastructure is extremely important. I then look for the the the the upside and that’s the size and scale like how big is this project is this deposit is this you know is this junior
Mining Company how big of a resource can do you think is there you know what is what are the early stage signs that point to a you know you know a monster deposit and I look for those because size
And scale and potential are very important. And the fourth thing I look at is grade. I think it’s the most under underlooked, undercooked criteria because grade is you know obviously the most important things when it one of the most important things when it comes to mineral economics yes
Tonnage you know yes all of the other I’ll say economic drivers but but grade is extremely important and because you know high-grade operations and high-grade um projects become real mines at the end of the day and they’re not sitting waiting for a market a commodity
Market gold price to come to them you don’t have to say hey this only works at $2,000 gold or $1,800 gold or whatever it works at any gold price and then that’s what grade does for you and
You know I think grade and Metallurgy kind of hand in hand you know it grades great but if you can’t liberate it, it’s not of much use to you so I think you you know grade and Metallurgy
Are also quite important so you know it it leaves us to it leaves us to you know jurisdiction as well and location and having worked in parts of the world like the DRC, Zambia the Congo you know Congo, Brazzaville, as well as West Africa you know jurisdiction is very important
You know and it comes with you know the political certainty and we’re in Ontario our project is in one of the the the greatest jurisdictions in the world so really you when you wrap it all up it’s it’s really people it’s Place location it is size and scale it’s grade in metalurgy and
It’s access to infrastructure and I think that’s what I look for as an investor when I am when I’m investing in projects I have right now about 25 Junior mining companies in my portfolio and they
All have to tick about uh above a 90 – out of 100 on on those those criteria and 85 to 90 is kind of where I look forward today. Can we go back to grade for just
A second and keep it germaine to gold, what are the what’s the grade that you’re looking for on an open-pit versus an underground mine operation? Yeah it’s just speaking generically there are open-pit operations, gold open-pit operations in the world that work at a lower grade
Let’s call it 0.5 or 6 or 7 but they tend to be driven by volume and you there is a cost curve between volume and grade that you know it it it comes with high risk because there’s
A lot of capital that has to be required to to build a you know a high volume 60 70,000 ton a day project at 0.5 it’s economic it produces a lot of ounces but you have to get over that fixed
Cost threshold and and that’s volume I think at the the higher you go closer to 1 gram you know the easier it is to work in this gold price environment and if you’re over 1 gram I think I
Think it it becomes much more meaningful and let’s face it you know the difference between 1 gram and 1.2 gram doesn’t sound like a lot as a number but it’s 20% more grade, and 20% better economics and
20% more NPV 20% better IRR, it is really, really important because the numbers are so so small the adjustments or the increases in grade can really Elevate the economics at the end of the day so I think in this gold price environment you need somewhere
You know close to 1 gram for it to work and you know and the upside on the gold price is really just the upside on the project economics it’s not something I think we’re all working to
Anywhere from $1750 to $1850 kind of pit shells and I think that’s what you know we’re all comfortable with from a resource standpoint so yeah I think grade is tremendously important when it come at this stage. Well for audience members remember those numbers. Now
One of those said companies that is selling at a deep discount and offer shareholders the virtues you just outlined is Goldshore Resources which hosts a 6 million ounce Moss gold project in Ontario as you stated sir. Mr Richards for someone new to the value proposition please share the
Investment highlights of Goldshore Resources. Yeah so we are as you say Maurice we are trading at a a significant discount to to not only our peers and to historical kind of valuations on ounces I think the value proposition has never been better than it is today
And unfortunately, I said that in December as well but the market hasn’t moved much and we haven’t seen any activity just yet so when people are looking at you know upside versus downside protection you know you can say that you know Goldshore is only going to get bigger and a
Current valuation you know it’s trading at the lowest multiple of of any real project that’s out there that’s that has the potential of getting built at $4 an ounce when our peer group’s trading
At $15 an ounce so there’s a three to four times multiple just to re-rate to our peer group. And that will happen when the market starts to look for gold opportunities relative to to to other opportunities so I think we’re in for a heck of a great year when it comes
To you know valuation rates and valuation resets but we also have a number of catalysts this year that we’re going to work on in order to maximize you know our ability to increase the share price and as not just about you know promoting it’s actually about doing stuff on
The ground that adds value. Well Mr Richards take us on-site to the Moss gold project which is open at depth and a long strike and give us a tour of the project and some of the investment highlights
That has your team excited for 2024! Yeah, Maurice I think you know when we first started chatting I said it a long time ago that I really felt that the Moss project was going to be a Tier 1
Asset and I contined to say that Mantra in our presentations and I continue to say it today. This is going to be a Tier 1 Asset in my view. So what is a Tier 1 Asset? Well a tier one
Asset is a 10 million ounce minimum deposit at the upper quartile of grade and at the upper quartile of recovery and at the lower half or lower cartel of the cost curve and production profile of a minimum 500,000 ounces a year. And I think you know this project will get there one
Day now it may get there in phases and stages but I do believe it has the potential, the resource potential to deliver on that. So what what’s getting us excited why is all that well we’ve
Had to move to the market a little bit last year we started a PEA on a bigger project that was kind of more $700 million and you know not unlike some of our peers where it delivers a couple hundred
Thousand ounces a year for 15 years but the CAPEX is extremely prohibitive for when it comes to us being a $30 million company we wouldn’t be able to raise the equity to build that project so we pivoted and we pivoted for good reason, because the market wasn’t giving us value for
That and we pivoted and we said well what about looking at the scope of a smaller project so small flotation regrind in cil for the sulfide Associated material and Heap leaching you know the balance with you know playing with the the cut-off grade to really kind of maximize and
Optimize the economics and I say cut-off grade from high-grade to low-grade not or to waste so we in we are investigating all of that and I think at the end of the day we will draw a conclusion irrespective of how what the market is looking for we will draw a conclusion
As to where we think this needs to go to maximize the value and I say that because I think you have to go through these scoping studies from the highest size to the lowest size and say you
Know what is the best approach for us what is going to drive value for shareholders and we’re not there yet and but we will get there but along the way you we have some answers in some boxes to
Check and the first one is we are going to put out an updated Mineral Resource Estimate (MRE) probably next week, end of next week something like that but certainly before the end of January and that
Mineral Resource update date you know as far as guiding the market what we’ve done is we wanted to remodel the low-grade material to give us a greater degree of confidence in the grade distribution of this deposit because if you remember 55% of the deposit is at 1.84 grams so it’s extremely high
Grade relative to open-pit projects in Canada. So 1.84 gram we’re trying to find a way to maximize that and we wanted to better stand and model the low-grade so that we have a Total
Resource that we have confidence in that is going to be the basis of a real project and we had it and you know we just we just want to you know even tighten that up and tighten up the Integrity
Of that resource and and I think what we’re probably going to be left with is maybe lower tonnage and a slightly higher grade that was the aim at the end of the day is to optimize and maximize grade and and as we we’ve talked about grade is extremely important to to these
Projects and to the mineral economics of these projects. So that’s the first process we’re going through. The second process is understanding whether the low-grade material can be heap leached so we’re working with a company in the US Caps Cassidy in order to do the the metallurgical
Test work and the column testing necessary to understand you know the the heap leachability of this material because being able to heap leach even at a 50 to 55% recovery gives us a lot of optionality on scoping a project either a flotation project or heap leach process you
Know it gives us a lot of flexibility and you know knowing the I’ll say the recoveries of various process methods is key to you know optimizing and maximizing what the project ultimate looks like so that’s the second real driver. And then I think coming out to the market and saying this is what
We’re going to do and then getting a drill program funded and we’re talking to if you remember back in November we brought in a strategic investor and we’ve been in discussions with that strategic investor all of January and they are as bullish and and positive on this
Project than I am. they’re just as bullish and they’re saying: “let’s drill, let’s get the drills turning, let’s get this defined Brett, you tell me there’s a a Tier 1 Resource here let’s
Go. Let’s go prove your thesis. Let’s go prove your concept. And we need to drill and we need to do it in a smart way because raising Capital at a very low share price you need to be very careful on you
Know not blowing out the cap structure so all of these strategic initiatives and catalysts that we’re working on for 2024 I think are going to hit the hit the the market at the exact right time we see that this Market gain some momentum you know during this election year so a lot of
Positives that you know we and our group have been working on over the last 6-8 months defining what that drill program will look like based on high probability results and historical drilling and all the geo-chem work and mapping and field work we did this past summer it’s all coming to
Deliver a drill program for us that I think it’s going to be very exciting for 2024. Going back to the updated mineral resource estimate I don’t know if you can share this because it’s you know it’s
A forward-looking statement but are we looking at an indicated on this as well or is it going to remain in the inferred can you share that if not I understand? Yeah no I think I can share
You know what what our goal was and I think our goal was to to bring you know somewhere order a magnitude of a million ounces up into indicated 20% something like that that was our goal and
How do we look at the historic data? How do we you know give that a certain degree of probability? How do we look at current data and some of the twinning we’ve did and some of the new
Holes we drilled how does that all incorporate into the model at a obviously we see a higher probability and you know our goal was to kind of remodel that that low grade if you remember we have two grade distributions we have around 45% of our material with a kind of average grade
Of let’s call it 0.5 and we have 55% of our material with an average grade of of let’s call it .84 and when you merge them we have just over1 gram combined so it’s a bit of a roller coaster grade distribution a lot of low-grade a lot of high-grade and this
Is what’s driving our our thought process when designing a plant or a process to extract and I think this is why we need a better understanding of the low-grade and yes some of that’s going to come up into indicated. Yeah we have a goal but let’s
See here we land next week but you know I have a high degree of confidence that this this going to form the basis of you know how we look at getting to 10 million
Ounces this is now going to be the first piece of the the puzzle that is going to allow us to take a path to 10 million ounces. So to summarize we have an updated MRE which is pending possibly
Next week, new strategic partners that are very excited about the value proposition, and then also an updated PEA possibly as well correct? Yeah, that’s correct and againI’ve been trying to guide the market as to the timing of it and I I’m still a little apprehensive about putting a month
Or a quarter to it simply because getting through the MRE and getting the results of that getting the results of the Heap Leach testing will probably be May and then I think we have
To really sit down and scope out what it is we want to achieve at the end of the day. And you know a small phase one project you know the market might say yeah you can you can Finance it and you
Can build it and that’s great but you know where do we think value is going to come from if if we want to define a 50,000 ton a day project and you know1 half billion dollare CAPEX that delivers a
$2 billion NPV then why wouldn’t we do that and so the the the permutations of scoping what the the MRE is going to look like really needs to be calibrated when we get a little closer, once we get all this information we’ll be able to talk about you know what the
PEA looks like as far as scope goes because we’ve gone through the exercise already of looking at small scale state phase one and a larger scale project whole or heap leach for everything and I think the heat Leach testing is going to allow us a a permutation that we haven’t
Explored yet Heap leeching or whole or leech and possibly also flotation. So, again I’m excited to see the results of this because those types of companies are trading at $40 $50 an ounce and that’s a $200 million company for Goldshore when we’re sitting at $30 million today and that
Excites me because I can deliver the value that we’ve always talked about to our shareholders even our original shareholders who came in on the very first financing at .65 cents I will deliver a
Return. Well I find this so so intriguing I wish I could be a fly on the wall as you’re having these discussions. All right sir multi-layered question, what is the next unanswered question for Goldshore Resources in 2024, when can we expect to answer, and what will determine success? I
Think I’m going to answer them backwards I think success for us this year is starting on that path to 10 million ounces and that is going to take more people, it’s going to take you know more resources, it’s going to take more Capital, it’s going, it may well take different people, it may
Well take you know a different strategy in a drill program, and I think success at the end of this year looks like. Hey, we have defined what we’ve always said we are, and that is a Tier 1 Asset .
And we’ve just taken one or two or three major steps to getting there because on the back of a large drill program obviously there will be another resource estimate come out in the future you know maybe a year from now, maybe 18 months from now, but those will be the the
Next catalysts that really define what we are and and that is I think the next Teir 1 Asset so that’s what success looks like. How do you get there? And this is the question that
That we all talk about all the time and some of them can be Optics and I and some of them can be perception and some of them can be historic and legacy and I think we get all that
You know. We are first and foremost investors in this company. I am first and foremost an investor I want exactly what everyone else wants out of this investment and I want to make money. And I want to make money for my shareholders! That’s first and foremost so, if I
Can just inter if I can just interject there. I can vouch for that, you and I have discussions offline and you’re very passionate about Goldshore Resources shareholders. I want to emphasize that the shareholders. You’re deeply concerned about making sure that they’re taking care of not
Just today but in the future. So sorry to interrupt you but I had to just make sure I got that point across. Yeah it’s it’s a good point point Maurice. I talk to our shareholders whether that’s you know an elderly lady that has 100,000 shares or whether it’s a major institution that has
5 million (shares) I talk to them every day. And I want people to know it’s not just my commitment, it’s the commitment of my entire team and and you won’t hear this from many CEOs, but you know I want again I want what is best for our shareholders or for
Our investors and if it means you know changing the team up, you know if it means changing the the the pieces on the chessboard to deliver that value to deliver it, let’s face it everybody has
Different skill sets at the end of the day so I am the you know the first proponent of of of of coming up with the dynamic that that works and there are very few there are very few people I
Think could disagree with that because you know I think having the people that’s the number one criteria in a successful company having the people to drive this is great we’ve been at it now for going on three years in June, so you know sometimes you need to change the tires on the
Car, sometimes you need to paint it, sometimes you need to change the engine, but whatever that is a car is going in the same direction. And I think our company is going to go through some of that change
We brought in a strategic investor they want to help drive the value in this company and this is what we asked for you know we asked for this 6-8-10 months ago and it was very difficult to find .
But now we have it. Now we can move forward and I think exciting times for 2024. And I can’t underestimate you know where where we are positioned right now. I can’t overestimate where I think we could be at the end of the year. Because I I think this is the year
We can outperform A:the market, B: our peer group and we can get re-rated to evaluation that is more aligned with where we should be in in today’s market. Well leaving the project site let’s look at some numbers. Sir please provide the capital structure Goldshore Resources. Yes I believe we
Are up to kind of you 260 million shares out we’ve had to do some financings down at 10 sense it wasn’t pretty, and it wasn’t easy to do given where we have raised money in the past. But hey this is the market work and we had to do it and I don’t regret
Doing it because you know we we would it provides the resources to keep the story going and keep the work doing that we’re doing and I think it’s extremely important. I don’t want to be a company that you know turns off the lights goes on care and maintenance but you need capital and
You need capital for those things so we’ve got about 200 I call it 260-270 million shares out trading at .10 cents today. I think it’s you know Great Value to get in. I think there’s some important things here you know. We have our strategics around 10% today.
We have other shareholders uh insiders board and management at probably around 10% today 11% and We have you know the the Strategic entity that wants to increase its position I think the the dynamics for you know our our cap structure slowly entering a period where we’ll raise some
Money for drilling with our strategic and then do it again. Unfortunately, it tightens up the market for the retail market and people will not be able to participate in private placements they will not be able to participate in fundraising they’re going to have to get exposure
To Goldshore through buying through the market and that is that’s a a good place to be for Goldshore and our shareholders. Now the stock had a disappointing year in 2023 and some of that had to do with one of the Strategic Partners selling and yet you know the answer to that is of
Course you have a new strategic partner looking to add to their position but can you kind of comment on that for us? Yeah great question so back in I think it was April of last year Wesdome indicated their interest in selling non-core Assets in order to kind of generate capital for themselves.
And their balance sheet was required it. So and we have open dialogue with (Wesdome) them on their position and their interest in selling we were able to cross around 31 million shares 36 million shares sorry back in December and so there’s a lot of
Appetite to take them to take their piece out and we will probably have one more cross to do because I believe they still 19.6 million shares and they still have one payment left at Feasibility Study or June of 2025 which is not very far away, it’s 18 months away of
Another 12.5 million shares. So I think we’ll be working to to cross them and you know Wesdeome they you know they have to look after their best interest. I get it. And they’ve been very very good working with us, on collaborating with us, on on how they do that and
How they how they have a liquidity event to with their stock. Now our strategic bought some of that and they will probably continue to buy more of that. And I think that again sends a great
Message to the market that we have a Multi-Billion Dollar Fund that is committed to going all the way with us and will provide the equity to do so along the way you can’t ask for a better partner than that. You just Illustrated something that is Paramount I believe in this space, without
Even probably realizing you just shared it, but so often speculators in this space they follow an interview they like the value proposition, they buy the stock, and then they don’t keep up with the company, they they don’t read the press releases, they don’t correspond with the CEO, and the
Share price drops. Here we have a situation where the share price dropped and it had nothing to do with the merits of Goldshore Resources, none. You (Goldshore) had a strategic partner that was was needing Capital themselves so they sold shares in non-core assets that they had. The transaction had
No relationship with the merits the virtues of Goldshore Resources the the end result is it’s called a sale. And that sale begets another sale because that person that’s not keeping up with the companies in their portfolio they sell because the price went down. And I am one of those buyers
As you know sir. I have been adding to my position I will continue to add to my position. So I’m looking forward to 2024! Now before we close, sir what keeps you up at night that we don’t know about? Oh that’s, that’s a great question! And I have been asked it before,
The market has been the key thing that that keeps me up at night. Because it is disconnected to reality. And I think we’re going to see a bit of closer to reality come back to us in 2024 and in 2025 and to a certain degree it will be impacted and affected
By who wins the the US election and I think for gold you know have one outcome will be good and the other outcome will be great they’re both going to be positive outcomes and we are sitting in a position to benefit from that and we are advancing the asset so you’ve got compounding
Positive events happening more gold and for Goldshore. So it it keeps me up at night you know when we see such volatility in the market to headlines you know you see a headline boom you know the gold juniors go off 5% to 7% you see another positive headline or you put
Drill results out nothing happens so the liquidity events that happened in 2023 and 2022 but more more so last year. Were people looking to become liquid and they did it on high liquidity events
Like press releases so so you know a press release would come out and your share price would go down it would trade five times volume and we saw that right across the board with a lot of people so I
I don’t think I don’t think that this year is going to perform like that. I think we’re going to see pools of capital start to move from sectors into natural resources and yes oil and gas as
Well but they’re going to move into our sector. Where they have last seven years we have had no new capital fresh Capital come back. I think we’re going to see that in 2024 and as a result of that
We’re going to see a bit more reality. We’re going to see this recoupling of gold equities to gold price dynamics of days gone bye. Last question sir what did I forget to ask? I think we’ve covered everything Maurice. I think you know at the end of the day investors want to
Feel like like there’s something you know positive coming and you can talk about it but you can also illustrate it in you know what drives the market what drives gold price what drives gold equities and I just don’t think you’re going to see that better Perfect Storm as I described it where all
Of those Dynamics are is a lot of wind in the sale of gold equities today the macro, I’ll say the macro the the geopolitical situation in the US election that’s about to occur all of these
Things are going to boode very well for gold and going to boode very well for Goldshore pick your asset be very be very I’ll say cautious that the criteria you’re evaluating projects on you know ticks those boxes because you can have an asset in a foreign country and you want exposure
To Gold they maybe have a lot of it but you don’t know the political dynamics of the leadership you don’t know if there’s going to be a military coup, you don’t know the people running it you don’t know a
Lot of things about, it’s not a good investment invest in what you know invest in the criteria that that will ultimately Drive value and you know I I think that is that is the most important I’ll say message to to investors you know. Do your due diligence and make sure that
Your answers your questions are answered and those answers are acceptable so I leave you with that Maurice and thank you for having me on again. Oh great words of wisdom Mr Richards has been a pleasure speaking with you today wishing you and Goldshore Resources the absolute best in
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Thank you for joining us, on this fantastic interview. We count on your support. Be sure to give us a 👍, leave a comment, and share this interview. Maurice