RE: they got goldAND THEY TELL YOU HOW MUCH ON THIER WEBSITE.
CANNOT MISS IT. 767K OUNCES
HOW CAN ONE ARGUE WITH WHAT THEY TELL YOU THEY HAVE? HARD TO SAY THEY HAVE MORE WHEN THEY POST THE NUMBER ON WEBSITE.
'THEY GOT GOLD AND LOTS OF IT"
I GUESS YOU CALL 765K A LOT.
ONE OTHER THING IT COST APPROX 1800 DOLLARS TO PRODUCE AN OUNCE OF GOLD FROM RED LAKE.
SUMMARY OF RICE LAKE PROJECT RESERVES (at June 30, 2010)
Tons Grade Contained
oz./ton (g/tonne) Ounces
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Rice Lake Mine
Proven Mineral Reserves 414,000 0.22 (7.5) 91,175
Probable Mineral Reserves 753,320 0.22 (7.5) 163,090
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Total Proven and Probable Reserves 1,166,320 0.22 (7.5) 254,265
Hinge Mine
Proven Mineral Reserves 114,740 0.23 (7.9) 26,510
Probable Mineral Reserves 532,085 0.32 (11.0) 171,190
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Total Proven and Probable Reserves 646,825 0.31 (10.6) 197,700
SG1 Mine (currently on care and
maintenance status)
Probable Mineral Reserves 180,150 0.26 (8.9) 47,110
007 Zone
Probable Mineral Reserves 381,550 0.60 (20.7) 225,545
Cohiba Zone
Probable Mineral Reserves 69,960 0.18 (6.2) 12,675
Cartwright Zone
Probable Mineral Reserves 170,250 0.18 (6.2) 29,830
Rice Lake Project
Total Proven and Probable Reserves 2,615,055 0.29 (9.9) 767,125