OTCQX:GTGDF - Post by User
Comment by
jfan22on Jul 07, 2020 1:15pm
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Post# 31234639
RE:RE:RE:RE:Who is selling?
RE:RE:RE:RE:Who is selling?Thanks for the response! That's likely part of the reason.
Mining metal is just a means to making money. I'm investing in a money making company not an ounce producing company. A company which makes money off a 0.1g/t deposit is better than a company who can't make money off a 10g/t deposit every day of the week.
And in a porphyry type deposit which starts pretty close to surface, I'd expect a stripping ratio of 1 or less. In terms of block caving (how i read "bulk underground mining method), the dilution would be pretty similar. In the end you'll have an effective grade above 0.2g/t + AuEq, which is not that bad at all. Majors mine those grades across the world.