Norther Dynasty has a gold find in Alaska ,18 million OZ. But the ore is only 2 grams average per ton ,At 32 grams per oz ,they have to dig up and crush 16 tons to get 1 oz of gold ,
Aru is averaging 1 oz, per ton ,that is a lot of difference ,Plus the silver ,I forget what it is per ton ,but it will pay for the minning and the gold is practicaly free ,seeing as how we gave them the money 15 million shares to build the project .Kinross is laughing all the way to the bank if they get away with this
If there are any banks left to laugh all the way to. I sure wouldn't keep my money in one right now. Maybe they'll be laughing all the way to the bullion vault?
People forget, this is actual money here. They are calculating prices in dollars as if dollars mattered anymore. Wait until the US govt starts issuing gold backed treasury bonds and see what the dollar is worth then.
ebear