From rockets in space to gold underground - hope you enjoy this episode! It was about 3 degrees when we were filming this, hence the huge jacket. Let me know if you invest in gold or minerals producers in the comments, and what you think of Santana's prospects. Madison
Great idea if NZers are willing to put their expertise and money up to make it happen. I assume you are putting all your money into NZ owned companies to kick these overseas investors out
Does New Zealand truly possess the resources to go it alone in this industry? After all, the nation would never receive 100% as much of the experienced crews come from Australia due to decades of neglect to our own skills base.
Just so you know: The Kawarau Gorge running from Cromwell back towards Queenstown is quite possibly the world's largest easily accessible untapped gold reserve. I met a South African gold miner who assayed the gorge for the NZ government in the mid-90s. The price of gold then was under $400 an ounce. Today it's $2440 - over six times higher. When I asked this guy what the gold was worth in the gorge, he estimated 300 to 500 billion USD at the time. So, today it would easily be a minimum of 1.8 trillion USD dollars. Then I asked him, "What do you think your chances are of ever getting to mine the Kawarau Gorge?" He replied with, "Zero percent while the government remains solvent." So it's nice to know that if we ever do look like going belly up, we can destroy that gorge for its gold.
Interesting! Back In the early 30's my Grandfather along with some other Dunedin business men built the weir bridge at the mouth of the Kawara. They all drove to the opening ceremony, closed the weir gates, in anticipation of wading in downstream and picking up the gold What happened!? The water burst out through the boulders under the weir, barely slowed the flow of theKawarau!
Great news for the Australian owners. Not to great news for the New Zealanders who see more than 20% of the value of their GDP get exported by foreign companies who pay less than 2% of royalties.
Yeah but we also don’t take any of the risk or responsibility setting up these industries Perhaps in the future once we’ve rebuilt our mining industry and have the expertise we can do it ourselves but for now we need the Aussies
you mean like the banks ? 40% of Santana S/Hs(owners) are kiwis .. royalty _ corp tax rate 28% + income tax on the 200-300x workers all the GST collected .... the 150mill+ OPEX per year ...HUGE increase in business turnover locally in the region = more jobs more TAXs
@@chadgillespie9088 yeah that's fine n good and the domestic money go round from any prosperous business .. BUT what NZ citizen doesn't want to see this ( their!) countries coffers reap the rewards ??!! 2percent is pittance , this wonderful nation is deep in debt from 6years of reckless spending via socialism . A Bigger slice of the pie ie higher royaltys bare minimum to pay of building more hospitals , cyclone wrecked roads , poorly paid teachers nurses police etc more ferrys ...the list goes on.....there's enough gold in the ground Sth island to pay off NZs debt ...not just keep the local bakery, pub , 4square n real estate agent open,
Madison, I really like how you do your due diligence and ask intelligent questions. You clearly have a knack for finance journalism. Do you reckon you could reach out to other Australian CEOs as well?
Thank you! Have interviewed a few Aus CEOs including ex-Qantas Alan Joyce (before it all turned ugly) and the new NAB CEO Andrew Irvine. Definitely keen to do more! Let me know if you have any suggestions.
This gold shouldn't be leaving the country. Makes no sense for it to go to foreign companies, Nz is in the state that it needs this gold more than ever
Professor Zucman is one of the world's top experts on the accumulation, distribution, and taxation of global income and wealth. He is professor of economics at the Paris School of Economics and the founding director of the EU Tax Observatory. This person has ideas about evening the tax burden
NZ giving mining rights and profit to foreign companies is pathetic. The right coalition govt advocates and incentivizes mining in NZ... but further mining in beautiful NZ is going to cause significant environmental damage, which will impact the country's international reputation as a top tourist destination and potentially damage tourism as the top earner. At least this impact should be made by NZ owned companies! Keep the profit in NZ!!!
us little guys who descend from this country, North island gold is illegal for us to prospect even only 0.1gram. yet BlackRock has investment for green energy anyone see smoke factory anywhere? or just plenty of hydro, geothermal energy on this land, this Aussie santana just rapping us of our resources, coincidence that BlackRock turns up with billions to invest green energy Santana started there RMA consents last year for gold mining then government announced mining speed up consents this year WOW WOW WOW
Timed it right and this should put a smile on Shane Jones's face. Some should be kept in NZ for sure seeing as John Key emptied the vaults and sent it to......?? No-one knows actually accept Key.
@@danjackman3827 like I'm not aware of that. However once the shit well and truly hits the fan you will find the nz$ is backed by gold again and it had nothing to do with Cindy.
From rockets in space to gold underground - hope you enjoy this episode! It was about 3 degrees when we were filming this, hence the huge jacket.
Let me know if you invest in gold or minerals producers in the comments, and what you think of Santana's prospects.
Madison
I took a lot of gold from the tailings from 100yrs ago mining in Kalgoolee OZ.
They didn't have the equipment
I think he knows about the new system coming.
100x
Space lol nothing but a yarn that word. Anything to do w NASA.
great journalism. awesome interview. very eye opening.
Nationalise it so that kiwis get 100% of the benefits.
Great idea if NZers are willing to put their expertise and money up to make it happen. I assume you are putting all your money into NZ owned companies to kick these overseas investors out
Don't let black rock anywhere near this gold
lol just look how state owned assets like the interislander or transpower are going
Does New Zealand truly possess the resources to go it alone in this industry? After all, the nation would never receive 100% as much of the experienced crews come from Australia due to decades of neglect to our own skills base.
Just so you know: The Kawarau Gorge running from Cromwell back towards Queenstown is quite possibly the world's largest easily accessible untapped gold reserve. I met a South African gold miner who assayed the gorge for the NZ government in the mid-90s. The price of gold then was under $400 an ounce. Today it's $2440 - over six times higher.
When I asked this guy what the gold was worth in the gorge, he estimated 300 to 500 billion USD at the time. So, today it would easily be a minimum of 1.8 trillion USD dollars.
Then I asked him, "What do you think your chances are of ever getting to mine the Kawarau Gorge?" He replied with, "Zero percent while the government remains solvent."
So it's nice to know that if we ever do look like going belly up, we can destroy that gorge for its gold.
Interesting! Back In the early 30's my Grandfather along with some other Dunedin business men built the weir bridge at the mouth of the Kawara.
They all drove to the opening ceremony, closed the weir gates, in anticipation of wading in downstream and picking up the gold
What happened!?
The water burst out through the boulders under the weir, barely slowed the flow of theKawarau!
As a shear holder in this company , Thank you Madison on your reporting
Why export it? This is real money and youre going to sell it for fiat garbage?
Much like having money, it's great to keep but it only shows its worth when its used in exchange for goods and services.
"Gold is money, everything else is credit" --J.P. Morgan, 1912
Another great interview with an interesting guest. Thank you Madison!
Great news for the Australian owners.
Not to great news for the New Zealanders who see more than 20% of the value of their GDP get exported by foreign companies who pay less than 2% of royalties.
Yeah but we also don’t take any of the risk or responsibility setting up these industries
Perhaps in the future once we’ve rebuilt our mining industry and have the expertise we can do it ourselves but for now we need the Aussies
NZ always seems to do this... gives away potential income from valuable resources to foreign companies...
@@Grover483-vt4zc hardly describe it as giving it away
@@Gumpmachine1 if you can't see the problem, then you are part of it. Are you working for Santana?
@@Grover483-vt4zc I think you can’t see the problem
We can’t be experts at everything in NZ
Cool. Glad you came up on my YT feed. This Aussie living in AKL for 10 years just subscribed.
Cheers 😎🎸🤘
Thanks for the sub Peter, happy to have you here!
...he's talking billions in profits but heading offshore to Aussie? , royalty at 2percent isn't enough ?...nz deep in debt
you mean like the banks ? 40% of Santana S/Hs(owners) are kiwis .. royalty _ corp tax rate 28% + income tax on the 200-300x workers all the GST collected .... the 150mill+ OPEX per year ...HUGE increase in business turnover locally in the region = more jobs more TAXs
We also get all the taxes generated here as well as the the money spent into the economy recycles 9 times
and the jobs and contracts that will come from this project........resulting circulation of money from that
And kiwis living in Australia doing FIFO to their job in NZ!
@@chadgillespie9088 yeah that's fine n good and the domestic money go round from any prosperous business .. BUT what NZ citizen doesn't want to see this ( their!) countries coffers reap the rewards ??!! 2percent is pittance , this wonderful nation is deep in debt from 6years of reckless spending via socialism . A Bigger slice of the pie ie higher royaltys bare minimum to pay of building more hospitals , cyclone wrecked roads , poorly paid teachers nurses police etc more ferrys ...the list goes on.....there's enough gold in the ground Sth island to pay off NZs debt ...not just keep the local bakery, pub , 4square n real estate agent open,
Thanks again for another great interview Madison I work on this project & its great for my family & the country
Thank you for having us on site!
Could you do one on rua gold they have huge potential as well
Great interview. Keep it up
Yep, we should have Gold Reserves and join BRICS
hhahaahahahah
Those are both excellent ideas, therefore we will do neither of them. No way we're going to break with the US and her other vassals.
lol he was a bit shocked when you had done your research about his latest investments lol
Always check the insider buying/selling before an interview!
love it how exciting and great for all involved
Other than for bullion and jewellery, what is gold used for?
Madison, I really like how you do your due diligence and ask intelligent questions. You clearly have a knack for finance journalism. Do you reckon you could reach out to other Australian CEOs as well?
Thank you! Have interviewed a few Aus CEOs including ex-Qantas Alan Joyce (before it all turned ugly) and the new NAB CEO Andrew Irvine. Definitely keen to do more! Let me know if you have any suggestions.
1:01 thought that was bloody Jeremy Wells for a second
Haha his dark haired older bro??
Haha I'm going to show this to Jeremy
😂
Good interview.
Masterpiece Presentation
What about the costs of restoring the ground, once the open pit mining finishes?
Is the GOLD of a country belongs to people of that country or the government to do what ever with it?
Congratulations Kiwis.
Just subscribed. How many jobs will this create?
Interviewing the CEO again this week at its listing event - I'll ask! Thanks heaps for the sub!
This gold shouldn't be leaving the country. Makes no sense for it to go to foreign companies, Nz is in the state that it needs this gold more than ever
Nice interview. "with Fiat currencies losing some of their value"...try +98%. They're designed that way.
the key information here is that it is an Australian company. how the heck is this good for nz outside a few jobs
Love Gold 👍👍👍
A 40% royalty would make this make sense for nz
Then they probably wouldn't start the project.
So what! Remember what the Australian companies did to Pike river coal.they took the profits and left the bodies .
Economies are changing rapidly look at Japanese yen and Petro dollar. Very hard to predict what NZ $ will do a small country.
Why don't we keep it
Professor Zucman is one of the world's top experts on the accumulation, distribution, and taxation of global income and wealth.
He is professor of economics at the Paris School of Economics and the founding director of the EU Tax Observatory.
This person has ideas about evening the tax burden
of course we have sold the rights to mine it overseas ffs
NZ giving mining rights and profit to foreign companies is pathetic. The right coalition govt advocates and incentivizes mining in NZ... but further mining in beautiful NZ is going to cause significant environmental damage, which will impact the country's international reputation as a top tourist destination and potentially damage tourism as the top earner. At least this impact should be made by NZ owned companies! Keep the profit in NZ!!!
us little guys who descend from this country, North island gold is illegal for us to prospect even only 0.1gram. yet BlackRock has investment for green energy anyone see smoke factory anywhere? or just plenty of hydro, geothermal energy on this land, this Aussie santana just rapping us of our resources, coincidence that BlackRock turns up with billions to invest green energy Santana started there RMA consents last year for gold mining then government announced mining speed up consents this year WOW WOW WOW
Santana as in the guitarist Carlos Santana ?
Madi pronounce it correctly 😎
If that’s my only issue?
You’re doing well
Ptr
Timed it right and this should put a smile on Shane Jones's face. Some should be kept in NZ for sure seeing as John Key emptied the vaults and sent it to......?? No-one knows actually accept Key.
Get over it bro, Cindy ruined our country
@@danjackman3827 like I'm not aware of that. However once the shit well and truly hits the fan you will find the nz$ is backed by gold again and it had nothing to do with Cindy.
@@kiwiingrid Whst about the gold price doubling this year abd 100x of next 10 yrs.
Silver goes higher than gold
@@kiwiingridAny idea what the new hold back not us called?
Zimbabwe us Zig.
Usd might be USTN.
NZ maybe NZTN ?
@@MarketingStrategies28 I own silver and it's not going higher than gold 😂
For Aussies is better but for us is a sucker situation that the national party has put us in
music is so loud - i cannot hear the talking.. inadequate..
And how much earth for so little
"Yeeah", "figaz" and "betah" are not words.
Snotty, grammar, and Nazi are words.
Keep the gold here.. ditch the worthless toilet paper NZ fiat dollar
it is not coincidental
❤❤😘😘😘
well that is all Iwi money how do we get it off you fella's
Thats not much money
Yes billions, but fuck all for the country ????
so how do we sign up for a domestic fifo job ? haha
And this is why, nations suffer. By giving away resources like this. What a fucking joke
Maddy babe, it's time for a new style. The Morticia Adams look is not a good one.
more stolen land and minerals.. thieves
Thieves
this is why the government wants to take those rights away from maori's guardianship so they can rent everything to their rich friends for a cut
bad news for people who own gold. more inflation. i move to bitcoin. see you
Metals tend to rise with inflation, good luck with your make believe money