RE: HUGE potentialFor starters, I'm just kicking tires and not bashing OK ?
A thousand square miles is a lot of land, but it is in the high arctic so infrastructure and transportation become very expensive. It looks like David Dodge is going to lower interest rates to make Canadian products more competitive in the US markets, as a result inflation will also rear it's ugly head, and the price of Gold will go up.
Some of the gold grades at three bluffs are quite impressive and the potential for a mine is very real. The lack of overburden certainly helps. It appears the deposits are scattered along the 300 KM stretch, so from the production side of things does 1/4 oz per ton justify all of the infrastructure/arctic expenses required to obtain the ore and process it to dore?
1/2 million OZ's inferred is nothing to sneeze at and I believe more gold will be found. A producer it the one who will either buy outright or JV the project so cost and profit per OZ of gold is their top priority. I really don't know the hard numbers of arctic production but do know it's darn expensive.
Any input would be appreciated.
Regards,
Wolffy