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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (77968)	2/17/2023 6:39:30 AM
From: Logain Ablar	1 Recommendation Recommended By LoneClone Respond to of 78404

Hi LC: IMO - On EDV, the government gets to buy the gold with their currency (franc) versus the US dollar. $1 = 617 CFA (lets keep this exchange for reference). So they print to buy the gold (7,000 oz). This now puts the responsibility on EDV to convert the franc to dollars. I'm not sure how bad this inflation and money printing is in Burkina Faso. A benefit for EDV is they pay employees in Franc's but gold is sold in dollars. Will have to wait for the CC to see how much of an issue this can become.