“It could be a good time to build projects, as was the case in 2008-2009; however, based on the current cost structure and gold price it is challenging to find gold projects with potential to generate robust [returns],”

In 2009, GBN.V had completed ore-feasibility, though substantial stockpiling was ongoing since May, 2010

http://business.financialpost.com/2013/10/29/gold-industry-costs-trending-lower/