Jeremy Gray’s Post

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CEO of Pilar Gold, Laiva Gold & Tucano Gold

I am really happy that since we bought Laiva Gold In Finland in October 2022 and Mina Tucano in Brazil in November 2023 the gold price is up $700 and $500 respectively for each purchase. It shows you that the best deals usually happen when sentiment for gold is at its worst. When we bought Laiva we were in the middle of an electricity crisis and all the chartists were calling for a flash crash to $1300 in gold. Inversely when a deal feels really good and you are 10 times oversubscribed then usually those are the ones that struggle later.   Exciting times for Laiva Gold and Tucano Gold as both resume production and take advantage of these high gold prices. These are big mines and > 95% of the capex required to start them has already been spent by the previous owners.  It’s not just about the money.  To build these mines today takes years of exploration, permitting, designing, funding and building. #goldprice

Michael M. Mir

Owner & President at Industria Trading Limited

6mo

Congratulations.

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