Condor Gold PLC (LON:CNR) executive chairman Mark Child tells Proactive that he is upbeat about the progress the company’s making at its La India Gold District project in Nicaragua, and thinks the rising gold price will compound that optimism.
“We’ve got the biggest gold deposit in the country – 2.4mln ounces at over 4 grams per tonne and that’s all independently verified,” Child explains.
He even suspects that the company might “have a much bigger gold deposit that that” on its hands, with Condor starting soil sampling to try and verify this claim.
Child goes on to describe the project as “highly economic”, pointing out the low all-in-sustained-costs which he says will help to provide a quick payback.
He adds that negative interest rates around the world will help to further propel the gold price, claiming that “gold is going to be in an uptrend for the next three to five years.”