GREY:TWNNF - Post by User
Post by
docmzon Nov 21, 2010 10:11pm
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Post# 17737076
Goldcorps Penasquito mine will be the ...
Goldcorps Penasquito mine will be the ...largest open pit mine in the world and look at their grades they are mostly 0.025 g/t of Au for every 2m interval for a 1000m+ strike, but they also have a bit of silver,lead and zinc which appear subeconomic but because the HUGE VOLUME is there this mine will be a giant. In any event look at the recent drill results of these MAJORS and you coud see that their resources are bound by this tiny planet which means eventually there will be NO NEW LARGE GOLD DEPOSITS found. Ultimately gold will be VERY VERY expensive and just recently, for the first time, the INDUSTRIAL USE of gold surpassed the jewellery use, which means that these HIGH gold prices are here to stay and be driven by economics. Obviously as supply of gold eventually dwindles much much later, companies such as TRR will remebered as having found a WHALE.