Re: Another Good Reason To Drill The Heck Out of Clan Lake...
in response to
by
posted on
Jul 04, 2010 09:55AM
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I do not understand what $20 an ounce and $80 an ounce mean. Can someone explain it to me. Does $20 an ounce mean that for every ounce of gold that comes out of Tyhee's holdings, the cost of extraction leaves only $20 profit versus the $80 an ounce profit of Tyhee's peers? If gold is running over $1K per ounce, it seems that the cost of extraction is awfully high when the yield is only $20 an ounce. Am I missing something?