RE:RE:ounces in the groundCougs79 wrote: Between 1990 and 2013 the average was $63 an ounce ITG. Some sold as low as $15 and higher grade were as high as $180. Given that gold has more than doubled and some jurisdictions are getting tougher to do business...ie.(CG), I would think $100USD would be a safe number to use in Alaska. The more in indicated and proven the higher the price
Great points. I agree also. Many need to understand that jurisdications matter big time. The social license to build a mine is as valuable as the actual ounces. OUnces mean little if you can never get a permit or if you have an unfriendly jurisdication. Take a look at how many CND juniors with millions of proven/probable ounces are in international courts such as Rusoro Mining or Eco Oro (formerly Greystar Resouces). These have gone on for over a decade now. However, even jurisdications in many places in Canada are subject to indigenous claims which can add years to the actual mine including many in BC).
FVl is adding big time ounces fast. If they get a handle on the high grade veins (which likely go on for many km), which they may have already to some extent, this thing will be a blow out.
The 1 year target of gold ounces is increased to 15 from 10 million ounces IMHO. No doubt they wil continue to hit high grade hits in this process. We are going much higher by year end IMHO based on the facts as I see them.
GLTA
BC