New Delhi: In a surprising find, the Turkish fertilizer manufacturing company Gubertas, along with the director of the country’s Agricultural Credit Unions, Fahrettin Poyraz, discovered a huge treasure trove of gold, confirmed the state news agency Anadolu.
The total gold deposit, weighing up to 99 tons, is said to be worth USD 6 billion or Rs 44,000 crore, which could be higher and higher than the GDP of many countries.
Data from a Worldometer describes the GDP of the following countries in dollar terms:
Maldives: $ 4.87 billion
Liberia: $ 3.29 billion
Bhutan: $ 2.53 billion
Burundi: USD 3.17 billion
Lesotho: $ 2.58 billion
The news has sparked a massive spike in Gubertas share prices, with the company’s bond climbing as much as 10 percent on the Turkish Borsa Istanbul stock exchange.
According to Anadolu, Poyraz has said that the first gold mining of the discovery will take place in two years. The gold treasure was discovered in the west-central area of Sogut.
Internationally, gold prices rose as investors remained bullish on US stimulus and the Brexit trade deal kept dollar gains in check. Spot gold added 0.3% to $ 1,877.77 an ounce. Copper prices changed little, near their highest levels since 2013, while other industrial metals rose, according to a Reuters report.
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