RE:Further to ounces in the groundiluv2buyem wrote: We all know ggrt ' s role in these threads so I will let mycashgoesohno ( some of you know him from SGC , MTO ect ) elaborate .
A member of Team E - a name put on us by the bashers of MTO / BTR , who now wonder why we call ourselves what they labelled us - hilarious right - writes me the following .
Simply put, not all ounces are created equal. At any given time, the level of confidence that gold can be economically mined, processed, and refined into pure gold bars and the projected profits from sale of said gold determines the value of the ounces in the ground .
This is a part of what makes some gold deposits worth $90 an ounce while others are valued at $10. However, there are many other variables that enter into the equation.
Based on 287 gold deposits acquired from 1990-2017, this includes all categories of 43-101 qualified resource estimates: measured, indicated, and inferred resources.
The price of gold is the most critical variable. It affects not only cash flow and profit margins but also the cut-off grade of the deposit.
EXACTLY, the nefarious ones like to either a) simplify a context into a black and white scenario or b) try to make everything so darn complicated that everyone (almost) gets confused.
Most Investers (not infesters) get that there is a large horizon of needed knowledge, full of relevant info. Thanks iluv for your consistent posts of relevant info on this BB and several others.