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So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

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kewi

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Question

posted on Apr 18, 2010 04:43PM

So, let us suppose that we are in for a surprise of multi million oz find here. What does the market value something like that. I have read $50.00 an oz , but do not quite understand where that number would come from. If they have an open pit mine and the cost of extracting the gold is upwards of $500.00 an oz, that leaves a lot on the table.

If anyone would let me know their thoughts on this, I would appreciate that.

Thanks

Kewi

1 Recommendations

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donypee

Apr 18, 2010 11:58PM

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mintaka

Apr 19, 2010 08:37AM

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kewi