WEBVTT - Quick Bite:  Gold has been at all time highs, so what's the outlook?

0:00:01.040 --> 0:00:05.280
<v Speaker 1>You're listening to a shares these podcast you're pitch to investors.

0:00:05.280 --> 0:00:10.520
<v Speaker 1>So this project could produce between your one point one

0:00:10.520 --> 0:00:13.080
<v Speaker 1>million of ounces of gold and that could mean one

0:00:13.080 --> 0:00:16.160
<v Speaker 1>point one billion to two billion dollars of net profits

0:00:16.200 --> 0:00:19.360
<v Speaker 1>over ten years. But a lot of that depends on

0:00:19.480 --> 0:00:23.000
<v Speaker 1>the gold price. Talk to me about the outlook for

0:00:23.040 --> 0:00:24.680
<v Speaker 1>the gold price. How do you think about that because

0:00:24.760 --> 0:00:26.400
<v Speaker 1>it's quite high at the moment right.

0:00:26.320 --> 0:00:28.440
<v Speaker 2>That's quite high. Outscoping study was actually done on a

0:00:28.440 --> 0:00:32.280
<v Speaker 2>conservative long term goal price of sixteen fifty US or

0:00:32.520 --> 0:00:37.400
<v Speaker 2>twenty seven hundred key we even on that metric produced that,

0:00:37.640 --> 0:00:41.000
<v Speaker 2>as you say, one billion dollars a net profit after tax.

0:00:42.080 --> 0:00:45.600
<v Speaker 2>But going forward, yes, we're definitely at record pricing right now.

0:00:46.000 --> 0:00:49.440
<v Speaker 2>For gold obviously has a gold mine. It's pleasing to

0:00:49.479 --> 0:00:53.000
<v Speaker 2>see and definitely drives a lot of interest. Where it

0:00:53.080 --> 0:00:57.920
<v Speaker 2>ends up is beyond our control, definitely say that because

0:00:57.960 --> 0:01:00.920
<v Speaker 2>it's a it's an international commodity that's are well traded.

0:01:01.920 --> 0:01:04.080
<v Speaker 2>What we have to do is we get our project up,

0:01:04.080 --> 0:01:07.520
<v Speaker 2>get our capital, get our project, manage our bottom line,

0:01:07.560 --> 0:01:10.600
<v Speaker 2>our costs, and ensure that there is a margin there.

0:01:10.640 --> 0:01:13.520
<v Speaker 2>And look at almost two and a half thousand dollars. Key,

0:01:13.560 --> 0:01:15.600
<v Speaker 2>we announce there's plenty of margin.

0:01:15.880 --> 0:01:20.440
<v Speaker 1>And yeah, got goal process tend to Yeah, what is

0:01:20.480 --> 0:01:22.880
<v Speaker 1>the lowest it can go before you have to pull

0:01:22.880 --> 0:01:24.240
<v Speaker 1>the plug on the project? Do you have do you

0:01:24.240 --> 0:01:25.560
<v Speaker 1>have a goal price in your head that if it

0:01:25.600 --> 0:01:27.000
<v Speaker 1>gets to that you're in trouble.

0:01:27.240 --> 0:01:31.000
<v Speaker 2>Oh look, it's well below two thousand, seven hundred. I

0:01:31.319 --> 0:01:33.880
<v Speaker 2>see that was a conservative pricing and we still made

0:01:33.880 --> 0:01:34.279
<v Speaker 2>a profit.

0:01:34.560 --> 0:01:35.959
<v Speaker 1>What is it now through thirty nine?

0:01:36.600 --> 0:01:38.400
<v Speaker 2>I think it was over four thousand this week, So

0:01:38.640 --> 0:01:42.600
<v Speaker 2>go back over over that price. So it's I guess

0:01:42.120 --> 0:01:46.600
<v Speaker 2>it's it's a commodity that is complex, it's well traded.

0:01:46.959 --> 0:01:48.880
<v Speaker 2>It goes up when it goes up, and it goes

0:01:48.880 --> 0:01:51.080
<v Speaker 2>down when it goes down, and you can pick the

0:01:51.200 --> 0:01:54.360
<v Speaker 2>drivers for that, I guess right now at central bank buying,

0:01:55.800 --> 0:01:59.680
<v Speaker 2>but also a little bit uncertainty and international geopolitical scene

0:01:59.760 --> 0:02:04.400
<v Speaker 2>as a financials. But we'll take whatever the prices at

0:02:04.400 --> 0:02:06.560
<v Speaker 2>the time we start producing, and that's what it will be.

0:02:06.880 --> 0:02:09.560
<v Speaker 1>So you've scoped the project at a price of two thousand,

0:02:09.639 --> 0:02:13.480
<v Speaker 1>seven hundred US, so it's profitable at seven two seven.

0:02:13.320 --> 0:02:14.840
<v Speaker 2>Hundred absolutely one billion dollars.

0:02:15.040 --> 0:02:17.480
<v Speaker 1>Okay, that's the one billion, and then the two billion

0:02:17.520 --> 0:02:19.040
<v Speaker 1>dollars is at the current price at.

0:02:18.880 --> 0:02:21.520
<v Speaker 2>Three nine hundred virtuals. Is the spot back in April

0:02:21.560 --> 0:02:23.480
<v Speaker 2>when we release that report.

0:02:23.520 --> 0:02:25.760
<v Speaker 1>Very interesting in terms of what drives the price. You

0:02:25.840 --> 0:02:30.160
<v Speaker 1>just referenced central bank buying there. What about just things

0:02:30.160 --> 0:02:32.400
<v Speaker 1>like in tech components and jewelry and what would call

0:02:32.400 --> 0:02:35.040
<v Speaker 1>it practical uses? Is that drove the price much? Is

0:02:35.040 --> 0:02:36.240
<v Speaker 1>it all about the story of value?

0:02:36.360 --> 0:02:39.200
<v Speaker 2>Oh, look, no doubt. I'm not much of a student

0:02:39.280 --> 0:02:43.600
<v Speaker 2>on that goal pricing on the mining engineer by trade,

0:02:43.960 --> 0:02:48.000
<v Speaker 2>but absolutely I think the technicological applications are a big

0:02:48.040 --> 0:02:50.640
<v Speaker 2>part of it. I think, you know, there's all a

0:02:50.680 --> 0:02:53.760
<v Speaker 2>little bit of gold and everybody's smartphone a very small amount,

0:02:54.080 --> 0:02:57.160
<v Speaker 2>less than ten bucks, but it is something. I don't

0:02:57.160 --> 0:02:58.840
<v Speaker 2>know how many smartphones are in the world, but I

0:02:58.880 --> 0:02:59.480
<v Speaker 2>think there was a.

0:02:59.480 --> 0:03:04.600
<v Speaker 1>Lot a respector not the gold experting. We ask one

0:03:04.600 --> 0:03:07.440
<v Speaker 1>more question because as a retail investor show, and that

0:03:07.600 --> 0:03:11.280
<v Speaker 1>is gold suddenly has a competitor in being store of

0:03:11.400 --> 0:03:14.280
<v Speaker 1>value Bitcoin, which people love and call it digital gold.

0:03:14.840 --> 0:03:16.440
<v Speaker 1>How do you think about that? Are you worried that

0:03:17.040 --> 0:03:18.960
<v Speaker 1>you know, bitcoin is going to displace gold?

0:03:20.160 --> 0:03:24.120
<v Speaker 2>Not really, not really, I don't know much about cryptocurrencies.

0:03:24.680 --> 0:03:28.560
<v Speaker 2>I think people like the idea of a physical store

0:03:28.600 --> 0:03:32.760
<v Speaker 2>of wealth, and of course it does create its own

0:03:33.680 --> 0:03:37.480
<v Speaker 2>physical industry. You know, we're going to have two hundred

0:03:37.480 --> 0:03:41.400
<v Speaker 2>and fifty direct jobs at our operation down in Central Otargo.

0:03:41.920 --> 0:03:44.760
<v Speaker 2>That will spawn at least three other jobs through free

0:03:45.160 --> 0:03:47.480
<v Speaker 2>full time jobs, so be close to a thousand new

0:03:47.560 --> 0:03:50.480
<v Speaker 2>jobs in the Central Otago region. So that's I guess

0:03:50.920 --> 0:03:58.880
<v Speaker 2>widespread real economic driving activity versus Yes, sorry, crypto again,

0:03:58.960 --> 0:04:01.040
<v Speaker 2>but I don't know anything about it.

0:04:01.080 --> 0:04:02.720
<v Speaker 1>Don't want to fick a fight today. I guess one's

0:04:02.720 --> 0:04:04.880
<v Speaker 1>one's one's one has a longer history.

0:04:04.920 --> 0:04:07.440
<v Speaker 2>I suppose it's exactly a millennia long.

0:04:07.720 --> 0:04:11.720
<v Speaker 1>Yeah, Investing involves risk. You might lose the money you

0:04:11.800 --> 0:04:15.680
<v Speaker 1>start with. We recommend talking to a licensed financial advisor.

0:04:16.120 --> 0:04:19.880
<v Speaker 1>We also recommend reading product of Schoosure documents before deciding

0:04:19.920 --> 0:04:20.480
<v Speaker 1>to invest.