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Engold Mines Ltd V.EGM

Alternate Symbol(s):  GWRRF

EnGold Mines Ltd. is a Canada-based exploration company with a focus on copper, gold, silver and magnetite. The Company is focused on its 100% owned Lac La Hache Property in the Cariboo region of British Columbia (BC). The Lac La Hache Property hosts numerous copper-gold mineral deposits and prospects, such as Spout Copper Deposit, the Aurizon Gold Deposit, the G1 Copper Deposit, Ann North Porphyry Prospect and Berkey Porphyry Prospect. The Lac La Hache Property covers an area of approximately 25,750 hectares. The Project is located approximately 14 kilometers east of the town of Lac La Hache and in a region of producing mines (Gibraltar, Mount Polley), the Property’s local infrastructure includes power lines, highways, maintained roads, and other amenities. It also has properties in the Clinton Mining and Cariboo Divisions located near Lac La Hache, BC, which include Miracle/Murphy, Peach Lake, Ann, Murphy Lake and PMA/Cassidy.


TSXV:EGM - Post by User

Post by goldsoldaton Dec 27, 2020 4:16am
195 Views
Post# 32184692

Iron Ore Price

Iron Ore PriceI am an egm shareholder. Iron ore is currently selling for $163 U.S. per ton. That is $210 per ton CAD. At egm's 7.5% Fe per ton per hole G20-49 that is $15.75 CAD per ton. Using Cu+Au+Ag Cu eqivilent as .30 per ton per hole G20-49, and Cu price per ton of $4.58 CAD gives $1.37 CAD per ton. Adding the 2 together gives $17.12 ($17.00) per ton CAD. The foregoing shows that the deposit is primarily an iron ore deposit and that to be economical, the Fe price woul have to increase. Could someone indicate an average price per ton for Fe sufficient to justify an open pitable deposit? I realize there are many factors, but I am trying to get a general idea. TIA. Goldsoldat.
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