GREY:GYPHQ - Post by User
Comment by
red911on May 08, 2012 2:38pm
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Post# 19885895
RE: RE: RE: RE: Caldera Ring?...
RE: RE: RE: RE: Caldera Ring?...
Yanacocha... the largest gold producer in South America...64mt Au in 2009: 32,000 ounces * 64 = 2,048,000 ounces in 2009. Similar grades, multiple open pits, etc. Very similar in many ways. Except, it's in Nevada... not in Peru and not half-owned by Buenaventura. Borealis has been compared by many to Yanacocha. In fact I believe Yanacocha operators used to send workers to Borealis to familiarize them with geology before sending them to Yanacocha. Borealis has the surface expressions etc. but has lacked any sort of aggressive drilling campaign. Hopefully being cash flow positive and recent financing will give them the ability to do just that over the coming months. Surely details will come to us sooner or later.