Newcore Gold raised $15M in oversubscribed financing, boasting a $31M cash balance to execute their business plan and deliver market results.
The company’s 35,000-meter drill program focuses on resource conversion, expansion drilling, and deeper drilling for high-grade structures.
Newcore Gold’s preliminary assessment projects a 122,000 oz/year operation for 9 years at $2,350 gold price, generating an after-tax NPV of $632M and IRR of 92%.
The management team owns 15% of the business, with board members having successful track records from Caliber Mining and New Market Gold.
Ghana is considered a tier-one jurisdiction for gold mining, with major companies like Pumont, Anglo Gold Goldfields, and Zin heavily investing.
Newcore Gold has identified over 25 targets across the project, with only 9 drilled to date, positioning for a robust PFS in H1 2026.
The Federal Reserve’s moral bankruptcy and $36 trillion unsustainable debt burden are predicted to trigger an imminent collapse of the US fiat system, leading to inflation, liquidation, and riots.
Arbitrary interest rate setting and tariffs by the Federal Reserve are forms of interventionism that distort the economy, creating bubbles and ultimately causing systemic collapse.
The Federal Reserve’s protection of special interests and welfare programs for the poor and middle class are expected to exacerbate inequality and social unrest, culminating in systemic collapse.
A systemic reset is anticipated, resulting in a new monetary system based on sound money, potentially leading to a more sane government and prosperous society.
Geopolitical flashpoints with Iran and China pose significant risks to the current economic and political landscape.
Elon Musk’s DOGE initiative for government downsizing is viewed as a potential step towards reform, though its effectiveness and longevity are questioned.
U.S. economy faces a “double whammy” of new administration policies accelerating vulnerabilities and expiring stealth fiscal stimulus, potentially dampening growth in the next 3-6 months.
Tariff impact will unfold in 3 phases: anticipation (Nov-Apr) with temporary positive effects, freeze (Apr-Jul) with firms relying on inventories, and critical decision (Q3/Q4) determining price pass-through or recession.
S&P 500 could potentially lose an additional 30% market value as firms face earnings hits from either passing through tariff prices or experiencing Fed rate hikes.
Student loan crisis affecting 9-10 million borrowers with potential credit score drops of 100 points could lead to a “sleeper shock” and credit crunch.
Credit scores inflated by 50-80 points post-2008, masking true risk and creating asymmetric information between lenders and borrowers.
Deteriorating credit scores will reduce consumer spending and lending, slowing economic growth and lowering the economy’s resilience to negative shocks.
Unemployment rate expected to overshoot 4.7% by end of 2025, driven by tariff impacts and government layoffs.
Prolonged, garden-variety recessions driven by inventory pullbacks may return, lasting 1-2 years unlike quick, sharp downturns seen in 2020.
Demographics and AI adoption are key structural trends driving long-term demand for housing, stocks, and healthcare, especially as baby boomers enter retirement.
Bill Gross’s 1990s book stated that demographics is the one predictable data point sufficient for making 5-10 year investment decisions.
Labor market data, such as JOLTS numbers, may overstate true labor growth strength, as government-related layoffs may not immediately impact non-farm payrolls.
Macroeconomic models suggest a lag before disinflationary impacts from tariffs occur, as firms realize they cannot pass through price increases when macro conditions deteriorate significantly.
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