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Speaker 1: You're listening to a shares these podcast you're pitch to investors.

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Speaker 1: So this project could produce between your one point one

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Speaker 1: million of ounces of gold and that could mean one

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Speaker 1: point one billion to two billion dollars of net profits

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Speaker 1: over ten years. But a lot of that depends on

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Speaker 1: the gold price. Talk to me about the outlook for

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Speaker 1: the gold price. How do you think about that because

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Speaker 1: it's quite high at the moment right.

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Speaker 2: That's quite high. Outscoping study was actually done on a

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Speaker 2: conservative long term goal price of sixteen fifty US or

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Speaker 2: twenty seven hundred key we even on that metric produced that,

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Speaker 2: as you say, one billion dollars a net profit after tax.

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Speaker 2: But going forward, yes, we're definitely at record pricing right now.

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Speaker 2: For gold obviously has a gold mine. It's pleasing to

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Speaker 2: see and definitely drives a lot of interest. Where it

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Speaker 2: ends up is beyond our control, definitely say that because

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Speaker 2: it's a it's an international commodity that's are well traded.

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Speaker 2: What we have to do is we get our project up,

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Speaker 2: get our capital, get our project, manage our bottom line,

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Speaker 2: our costs, and ensure that there is a margin there.

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Speaker 2: And look at almost two and a half thousand dollars. Key,

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Speaker 2: we announce there's plenty of margin.

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Speaker 1: And yeah, got goal process tend to Yeah, what is

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Speaker 1: the lowest it can go before you have to pull

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Speaker 1: the plug on the project? Do you have do you

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Speaker 1: have a goal price in your head that if it

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Speaker 1: gets to that you're in trouble.

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Speaker 2: Oh look, it's well below two thousand, seven hundred. I

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Speaker 2: see that was a conservative pricing and we still made

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Speaker 2: a profit.

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Speaker 1: What is it now through thirty nine?

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Speaker 2: I think it was over four thousand this week, So

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Speaker 2: go back over over that price. So it's I guess

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Speaker 2: it's it's a commodity that is complex, it's well traded.

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Speaker 2: It goes up when it goes up, and it goes

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Speaker 2: down when it goes down, and you can pick the

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Speaker 2: drivers for that, I guess right now at central bank buying,

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Speaker 2: but also a little bit uncertainty and international geopolitical scene

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Speaker 2: as a financials. But we'll take whatever the prices at

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Speaker 2: the time we start producing, and that's what it will be.

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Speaker 1: So you've scoped the project at a price of two thousand,

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Speaker 1: seven hundred US, so it's profitable at seven two seven.

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Speaker 2: Hundred absolutely one billion dollars.

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Speaker 1: Okay, that's the one billion, and then the two billion

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Speaker 1: dollars is at the current price at.

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Speaker 2: Three nine hundred virtuals. Is the spot back in April

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Speaker 2: when we release that report.

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Speaker 1: Very interesting in terms of what drives the price. You

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Speaker 1: just referenced central bank buying there. What about just things

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Speaker 1: like in tech components and jewelry and what would call

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Speaker 1: it practical uses? Is that drove the price much? Is

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Speaker 1: it all about the story of value?

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Speaker 2: Oh, look, no doubt. I'm not much of a student

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Speaker 2: on that goal pricing on the mining engineer by trade,

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Speaker 2: but absolutely I think the technicological applications are a big

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Speaker 2: part of it. I think, you know, there's all a

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Speaker 2: little bit of gold and everybody's smartphone a very small amount,

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Speaker 2: less than ten bucks, but it is something. I don't

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Speaker 2: know how many smartphones are in the world, but I

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Speaker 2: think there was a.

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Speaker 1: Lot a respector not the gold experting. We ask one

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Speaker 1: more question because as a retail investor show, and that

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Speaker 1: is gold suddenly has a competitor in being store of

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Speaker 1: value Bitcoin, which people love and call it digital gold.

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Speaker 1: How do you think about that? Are you worried that

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Speaker 1: you know, bitcoin is going to displace gold?

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Speaker 2: Not really, not really, I don't know much about cryptocurrencies.

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Speaker 2: I think people like the idea of a physical store

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Speaker 2: of wealth, and of course it does create its own

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Speaker 2: physical industry. You know, we're going to have two hundred

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Speaker 2: and fifty direct jobs at our operation down in Central Otargo.

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Speaker 2: That will spawn at least three other jobs through free

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Speaker 2: full time jobs, so be close to a thousand new

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Speaker 2: jobs in the Central Otago region. So that's I guess

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Speaker 2: widespread real economic driving activity versus Yes, sorry, crypto again,

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Speaker 2: but I don't know anything about it.

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Speaker 1: Don't want to fick a fight today. I guess one's

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Speaker 1: one's one's one has a longer history.

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Speaker 2: I suppose it's exactly a millennia long.

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Speaker 1: Yeah, Investing involves risk. You might lose the money you

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Speaker 1: start with. We recommend talking to a licensed financial advisor.

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Speaker 1: We also recommend reading product of Schoosure documents before deciding

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Speaker 1: to invest.