GREY:CDKNF - Post by User
Comment by
Strodon Sep 03, 2011 9:32am
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Post# 19009494
RE: Nevada Properties
RE: Nevada PropertiesQuoted from an author at financialsense:
"The price of the metal has been trading between $1800-$1900 dollars per ounce while the all-in cost of mining gold is estimated to be $800-$850 per ounce, leaving fat profit margins for gold producers"
If this is indeed a fact I think 350-400 for low political risk ounces like Nevada is fair indeed, so with potentially 2 million ounces from Q mountain alone, CYD has some upside for sure.