Long-term precious metal investors should not miss out on the current “decent deal” in gold, said Wells Fargo Investment Institute while sticking to its $1,350 per ounce in twelve months call.
“With a $1,100 handle today, we see gold as favourable for long-term investors,” Wells Fargo Investment Strategy analyst Austin Pickle said. “Twelve-month gold target range remains $1,250 to $1,350 per ounce.”
Georgian Mining Corporation (LON:GEO) has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including KBE which will advance to Feasibility Study in 2018. These projects are proximal to several advanced projects and existing mining operations owned by the Company’s joint venture partner, and their sister production company. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.