Recently we saw the likes of Palentir buying over $50m in gold bars claiming its for a black swan event, because palentir works on internal government software that they do not disclose it leads to question... what do they know that we don't?

Gold has been stabilizing over the past several months just shy of $1,800oz after peaking mid 2020 at $2,036oz where as gold stocks in counter part have not been stable, with the broader precious metal mining sector seeing over 30% declines from recent highs even though the asset values of these mines have increased substantially at current spot prices.

Along side geopolitical issues, inflation risks & the continued declines in the amount of gold available to mine, this is presenting a new gold rush for exploration companies.

Fosterville South Exploration

Fosterville South Exploration stock TSXV: FSX is trading up 6% YTD but down over 70% from ATH, they recently released a major early discovery in one of there 4 properties located in Australia.

August 9, 2021 "Fosterville South is conducting the first modern exploration of the Reedy Creek Goldfield, which has included various geochemical sampling programs in preparation of drilling that has now commenced. These assays reported today in Drill Hole RWR13 (11m at 31.34 g/t Gold including 4m at 80.05 g/t Gold) are from an area of the goldfield that has been the subject of no historic drilling. The gold mineralisation intersected in the drilling is present as a zone of significant quartz veining with fine grained disseminated stibnite and pyrite. The strike and dip of the mineralised intercept is not yet known, and further drilling is planned in the coming weeks."

This significant discovery has come early in the companies plans of exploration, leading to an incredibly robust balance sheet of over $25m in cash and virtually no debt. With a current market cap of $86m this company is presenting a nice set up for further news on drill tests that can lead to further value.