RE:Osgood is the owner of the Getchell project in the GetchellPACO2 wrote: gold belt near Winnemucca Nevada. The project is located immediately south of Nevada Gold Mines Turquoise Ridge site at the Gethchell gold belt and BattleMountain/Eureka trend intersection.
Open pit operated on site 1980 ?-1999. After that there was an underground test mine (the Pinson mine) in the early 2010s . The mine has been on care & maintenance since 2015.
So........we bought this old mine site for $50 million US plus the additional $10 million US once we or if we actually reach production at the current gold price.
No mention of resources or reserves.
Why would multiple others try and stop mining here. I wonder why?
So the company that is doing so brilliantly with Mercedes figure they are going to operate a mine that nobody else wants? Isn't that special?