RE:Invest in British columbia where we have ounces per ton.
Iamthetide - no reply ? Mining Engineering and Mines are more complex animals than just 'ore grade'. BAA is a surface mine ! A huge cost for any mine is the amount of overburden that needs to be moved and handled. Even is a core sample shows 3 oz/tonne, if it is 3 KM under the earth and not a large deposit, it is NOT economic to mine. Case closed. Same goes for oil and gas. Need to factor in all the costs of development and processing, infrastructure, tax and royalty regimes, government regulations, etc...
BAA has shown they can mine this 'lower grade' near surface ore profitably and safely and with room for growth and expansion, with a large profit margin at today's gold prices.
So again, I believe in posting facts and winning arguments with facts and presenting a strong case. I tried, but could not, find any Gold Mine operating in BC with better numbers than BAA right now (profitable.... and $5-600 / oz 'all in' sustaining development / operating costs).
Please research and post for the board / community.
Regards,
SD