If you are worried about the shakeout in gold, just read this…

Remain Focused On The Big Picture
November 15 (King World News) – Graddhy out of Sweden:  Institutions watch this ratio, and they need to wake up from their outdated 60 stocks / 40 bonds thinking. Quickly. And, they need to stop comparing themselves to the average of the sector, since most have to be wrong at big turns.

The Dow-to-Gold ratio below had a lower low in April of this year after the two mega backtests. This confirmed further chart breakdown was coming. And now, the ratio is breaking down further, as expected.

Despite Volatility, Gold Set To Radically Outperform Dow, NASDAQ, S&P

This means gold is now set to outperform the stock market. A very important chart for the next global macro trend. And with that for global capital flows. Huge sector rotation globally is in the making.

Also, do note how amazingly perfect that second blue backtest hits the blue apex of that 25-year (!) blue triangle. That is price memory. Just beautifully stylish really. And that historical apex backtest on this chart, together with many other charts, helped us catch the big precious metal miner lows back in Feb/March this year.

Also of importance…

Bryan Slusarchuk:  K92 put out record quarterly numbers yesterday (production and financial records) including record net quarterly income of $46.5 million.

Timely to point this out as many of you are K92 shareholders but also as a reminder that Great Pacific (GPAC) is now drilling next door to K92 at the Kesar Project. The drilling at Kesar is going well and both diamond drill rigs are now turning. With two rigs turning, we expect to make a lot of progress in a short period of time (note that QED, doing our drilling, are the same drill contractors we used at K92 from the start of exploration there).

Also, while Kesar provides some potentially explosive upside via pure exploration and discovery, we have also completed access to the more advanced stage Wild Dog project. Past drilling at Wild Dog (and past small scale, at surface production) has been evidence of very high grades, while there is also top tier size and scope potential. Anticipate a very busy Q1 at Wild Dog on the ground.

This week has been a big down week for many small cap mining names, and I think that may have provided a big opportunity here as to the disconnect between what is happening onsite in PNG and the share price. Greg McCunn, Chris Muller, Jonathan Richards, Callum Spink are in PNG this week onsite at both Kesar and Wild Dog – everybody over there getting increasingly excited (quite the opposite of the feel this week in capital markets here) and I look forward to the excitement onsite translating into some positive action for us here in Canada soon.

Important metrics from yesterday’s K92 news:

Production

  • Record quarterly production of 44,304 ounces gold equivalent (“AuEq”) or 41,702 oz gold, 1,278,492 lbs copper and 37,613 oz silver.
  • Cash costs of $584/oz gold and all-in sustaining costs (“AISC”) of $941/oz gold, significantly better than our 2024 operating guidance of $820/oz to $880/oz cash costs and $1,440/oz to $1,540/oz gold all-in sustaining costs.
  • Head grade of 13.8 g/t AuEq

Financials

  • Strong cash and cash equivalent position of $120.3 million, which excludes restricted cash of $20.3 million. Under the terms of the Trafigura loan, the Company has the ability to convert restricted cash to cash and cash equivalents on January 1, 2025. During the quarter, the Company completed a drawdown of $20 million of unrestricted cash and has $60 million of unrestricted cash available to draw anytime. Unrestricted cash and cash equivalents during the quarter increased by $49.5 million.
  • Record quarterly revenue of $122.7 million.
  • Record quarterly net income of $46.5 million.

RELEASED!
To listen to Rob Arnott discuss how investors around the world can prepare themselves for the turbulence in global markets that lies ahead CLICK HERE OR ON THE IMAGE BELOW.

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