Comment by
goldman88 on Aug 25, 2021 8:23am
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Comment by
diabase1 on Aug 25, 2021 9:57am
The deepest drill hole reported today, one hole, was 553m. I think shareholders would like to see what's happening below 1000m. Could this be a reason for a lower SP today?
Comment by
goldman88 on Aug 25, 2021 10:03am
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Comment by
goldman88 on Aug 25, 2021 10:05am
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Comment by
donnell2 on Aug 25, 2021 9:25pm
At 1000 m the ming costs go exponential in todays numbers.
Comment by
Ivorygull on Aug 25, 2021 10:11pm
donnell2....................Mining costs do go higher further at depth for sure, but that doesn't factor into what we are trying to do. We are more likely to be selling this to the highest bidder than developing a mine. And they still mine at the Red Lake Mine, right, so even if we do go all the way, there is still money to be made mining at depth.
Comment by
1cent1950 on Aug 26, 2021 9:35am
Great Bear will be an open pit.So it will be years before they get any were near that depth.It will factor in with share price because of the added years of mine life.
Comment by
Ivorygull on Aug 26, 2021 12:46pm
1cent, I agree with you that it will factor into the share price, if you are saying that the deeper it goes, the more gold there is thus the share price will be higher, but I don't believe the fact that mining costs at depth have an influence on the share price. IMHO