Voltalia Ord Shs VLTAF

RE: RE: RE: RE: RE: RE: Kinross troubles

[bulgar]

Curvature: I think the difference in our viewpoint is defining "economic", Brent Cook summed it up well:

"That data was put out by Barrick Gold Corp. (NYSE:ABX), so it’s pretty good data that pertains to economic deposits. It shows that over time we are discovering fewer large deposits. Basically, we are mining about 83 Moz gold annually yet only finding in the order of 20–30 Moz a year. So there’s a serious gap between production and discovery that we’re not filling.

It’s getting harder and harder to find quality deposits—and we’re talking economic deposits here, not resources that will never make it. Explorationists have pretty well explored most of the Earth’s surface and then some. Therefore, it’s also getting more expensive because we’re going into blind areas and drilling deeper into more complex geologic settings. That is why it’s getting tougher to find these big deposits. Then add to the increased geological difficulty the fact that social, political and environmental realities are pushing way out the time to permit and build a mine and it becomes pretty easy to understand the decreased discovery rate. I don’t see that changing."