Re: By the way....Frank???
in response to
by
posted on
Jan 13, 2010 05:03PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Are you sure that this is 1.7 GRAMS / ton and not 1.7 OUNCES / ton? If memory serves me correctly, it used to take approx. 5 grams to make money with underground mining when gold was at $650/ounce. I remember that there are approx. 33 - 34 grams per troy ounce...
All I am saying is this grams and ounces thing is throwing me off... I can't seem to get it straight. 1.7 grams seems low to me... I think it was Khareema who told me that the cut off for "profitable" mining at today's gold prices was still around 1.8 GRAMS/TON. I just want to be sure that we are all talking oranges here and not comparing apples to oranges (grams - ounces).
Thanks in advance, and don't worry about telling me that I'm WRONG, again... if I am. I can handle it.
God Bless all Golden Shareholders.
Herb :-}