It is important to bear in mind that these are uncharted waters, for all market sectors. In this era of difficult-to-comprehend debt, negative bond yields, over-heated monetary expansion, and the likelihood that inflation is not as “transitory” as the Fed would have us believe, the storm clouds are gathering, intensifying.
Regarding inflation, the Fed now appears to be wavering in its convictions. During a recent monetary policy meeting, chairman Powell stated: “We do think that inflation will remain elevated until supply bottlenecks are resolved. Exactly when that will happen is not possible to say.”
The debt ceiling is another major obstacle. The U.S. government is set to run out of funds on October 18th. If Congress fails to raise the ceiling within the next two weeks, the U.S. will go into default for the first time in history. Treasury Secretary Janet Yellen: “Credit of the U.S. would be impaired, and our country will face financial crisis and an economic recession. It’s necessary to avert a catastrophic event for our economy.”
UUUHMMM? BUY GOLD!!!! BUY Orezone.
Be strong investors, be strong. Life is a struggle and man is frail. Hindrances are around him on every side and limitations are within him on every occasion. Therefore, what is essential is that right direction should always be present, and what is important is that the ideal of the quest should never be abandoned by the long-term investor.
Orezone Gold Update:
Bomboré Construction Update Video – September 2021
Orezone Gold Corporation (TSX.V: ORE, OTXQX: ORZCF) is pleased to share a video of the progress made in the construction of the mine at its Bomboré Gold Project during September 2021.
As the video depicts, mining of the Off Channel Reservoir is well-advanced and currently mining at a rate of >40,000 tpd. The Nobsin Bridge and main haul road are complete. The plant site is beginning to take shape with the concrete pouring at the CIL ring beams, the run of mine area and ball mill raft progressing well. The construction water pond is lined and filled.
All major equipment has been ordered ahead of recent cost inflation and construction of the mine remains on-budget and on-schedule for first gold pour in Q3-2022.
Thank you for watching and we look forward to sharing with you our next construction video!
IWA is a shareholder of Orezone Gold Corporation
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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