RE:RE:RE:RE:RE:RE:RE:Does anyone seriously believe these projects will be mined?you need to do a little more thinking. even in logistics where the price of diesel means a lot it still doesn't mean everything. nor does the price of gold going up or down mean inflation in all things are. look at what an ounce of gold ran in the eighties and into the nintys. do you really think everything costs 3 or 4 from then? the price of gold is not how all things are measured in inflation. your taking a sales pitch from somebody to seriously. look around. do prices of everything go up with gold? furthermore, consider the grades mined back then to today. the trend is clear. lower grades mined over time. what was not economic before becomes economic tomorrow. that's just how it goes.
carbide wrote: Gold prices were over 1300 for about two years. Producers' costs were way up due to oil prices being 120/bbl and labour in short supply, but they did make more money in those years, than they usually do, which is very little to none. An exploration property has no hope of capturing a profit from short-term gold mania, given that even a good project at such a stage of development takes a minimum of 5 years to build. No hope, that is, other than in a sale of shares or claims to a greater fool. When gold prices rise to 1400, 1600, 1900, etc., and they eventually will, costs will also be much higher due to the same currency devaluation which caused the gold price to rise.