GREY:GRFJF - Post by User
Comment by
zagorskon Mar 27, 2007 9:02pm
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Post# 12500845
RE: Wgdf/wgi May Have A Bright Future And Higher
RE: Wgdf/wgi May Have A Bright Future And Higher
Using an average grade of .017 oz/ton I calculate a rock value of $11 per ton using a $650 /oz gold price.
Extracting .017 oz. from a ton of earth and rock seems like a pretty dificult project. I would think the costs would easily exceed $11/ton.
Has anyone seen the cost analysis for this project.
Does anyone know of a mine that is currently operating profitably with a resource of only .017 oz./ton?