RE: China wants tons of GOLD
Hm? When, or if, Gold hits approximately US$1820 per pounce, then the mineralization discussed to date for the Bonaparte Property and as backed with assay data will become roughly equivalent to ore considering the apparent mining costs and transport costs to Washington State.
As the processing costs of the sulfide rich, gold mineralized rock is not known but will be high, the above is actually only a plausible estimate. A conservative estimate including the processing and related environmental penalties associated with a sulfide/refractory ore going through cyanide circuits would raise the required Gold price even higher.
As the Indians managed to sneak in a buy the last IMF gold out from under the Chinese, I am certain there will be mechanisms in place to ensure the favored client, China, gets the gold on the cheap this time. That cannot be a good thing for the price of gold.
Anyone with a rational* mind have a different view? I would love to hear it.
* Obvious coterie of pumpers excluded.