RE: RE: RE: Out on a limb here.... Thanks ETalien
I shoud point out Monster Lake is at very early stage
BUT might be a very profitable discovery;
the success of such as Goldcorp was initially
from very rich deposits like Red Lake gold deposit
The recent problems is that they were all running
after one thing : building gold reserves.
So they went after 2 gAU/t, then 1 gAU/t, then 0,5 gAU/t
over 50 m, over 100 meters ,over 200 meters; then a 43-101 resource estimation report tells
them they have 1 millions AU ounces BUT it is in 200 millions t of ore
They all felt rich.
Means nothing.
Here we might be with potentially something that can be mined for well under $300 an ounce.