Quote from article: John52/cobraI totally disagree with Stockanalyst and frankly question his inconsistency's and motive:
'Thanks for posting to both of you guys.....
''.7gpt isn't enough to develop" Goldanalyst
What grade does it take to make a mine? That depends on a lot of factors, but critical ones include cheap power, proximity to roads and shipping ports, good recoveries, ample water, and close-to-surface deposits that can be open pit mined. Fortunately, Treaty Creek appears to have these characteristics. The in situ (in ground) grade is often lower than the head grade as initial beneficiation can concentrate the ore prior to processing. Canada’s newest gold mine, the Eagle mine (Victoria Gold) located in northern Yukon, produces with 0.65 g/t AuEq grade. Fort Knox (Kinross Gold) in Alaska produces at 0.4 g/t AuEq. Many mines in northern BC owned by companies like Centerra gold and Imperial Metals operate mines averaging well under 1g/t AuEq.