If their figures are correct, they are sitting on more gold than has EVER been extracted. Wild https://kenyanwallstreet.com/uganda-to-fetch-12-t-from-gold-deposits/
Get Ready For The Rumble In The Jungle! It will be a scramble between the Anglo-Amerikan Plantation Corporations and the Chinese to see who shares the loot with the corrupt local dictator overlords while the peasants get nothing out of the discovery. Same as it ever was.
Sceptical on this, the timing is highly coincidental amongst all the economic factors coexisting at the moment. Uganda has history of corruption in the mining sector, a new presidency is upcoming and this undermines the fundamentals of gold and countries that are backed by real commodities...like Russia. If true at the very least the facts and figures are murky at best and imo highly exaggerated.
"sitting on more gold than has EVER been extracted" Smells just like Bre-X/Indoensia all over again...
I deny your reality & replace it with mine I'll stick with what my geologist mate says . Instead of investing in a gold mine in Africa ,which I believe the US war machine will attack "IF it's really there " I don't believe the US war machine will let them have it
Does pong a bit - of begonias and chrysanthemums. https://www.nasdaq.com/articles/uga...results-show-it-has-31-mln-tonnes-of-gold-ore A bit on Wagagai: https://www.wagagai.com
It has to be exaggerated or mishandled stats whether intentionally or accidentally the amount quoted is more then has ever been mined in history of the earth. The only articles I've seen are through more obscure media and also crypto journals.
Biggest deposit on Earth and never been found. Sounds like a story only a prospector would tell. "A mine is a hole in the ground and its owner is a liar" -Mark Twain
Anyway. I call BS. If there is a big deposit there. The American war machine will have it's way. Not a hope in hell will the locals prosper from it . History.