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Glamorgan tenement offers high-impact exploration upside
The bull case argued for Rua Gold's Glamorgan tenement in New Zealand's North Island is that it represents an undrilled, high-grade epithermal gold target adjacent to Oceania Gold's multi-million ounce WKP project.
The argument
The speaker highlighted that the tenement was acquired cheaply and is led by the same geologist who originally discovered WKP. Surface work is complete, and the company is on track to receive drill permits and begin drilling in the second half of the year, which could serve as a major binary catalyst.
The thesis, stress-tested
✓ What validates it
- ✓Receipt of drill permits for Glamorgan
- ✓Commencement of the drilling program in H2
▸ Risks discussed
- ▸Permitting has historically taken longer than anticipated due to extensive ecology studies
- ▸Exploration drilling carries binary geological risk of not hitting economic mineralization
Hear it yourself
"And and so I do think that move of central banks buying more gold and moving away from from T bills and things like that, really sets the tone for a long term trend. Central banks don't sort of flip from day to day of whether we're buying T bills or gold. They've now got this mandate to buy gold, and that's not gonna switch and and move away anytime soon. And and even more interesting, like, the the restrictions China's putting on most recently on on allowing investors in China to use banks to buy or or leverage themselves on gold, and it's it's all, you you have two types of gold when you buy it."
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