GREY:RNKLF - Post by User
Comment by
Stunneron Dec 06, 2018 11:47am
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Post# 29076115
RE:RE:RE:RE:RE:Nov 28 nr
RE:RE:RE:RE:RE:Nov 28 nrFrom the horses mouth.
World Gold Council .....defines a high quality underground mine as having a gold ore of between
8-10 grams per ton.
A low quality underground mine has a density of 1-4 grams per ton.
Open pit mines tend to have a lower grade , but can be quite valuable due to lower operating costs.
the Council also recommends using cost per ounce , not gold grading , to evaluate a gold mine.
So this is what we need to see. As far as I have seen our costs have been way down since FDV discovery.
And early core results ( my opinion) would need to be between 7-9 grams per ton to move the stock price in the direction we are all looking for.
Cheers.