RE:RE:RE:RE:A good summaryEldreco as usual you are talking out your azz and still have not learned to read financial statements. Firt, let us look at Kinross they are not making scads of money. AIC las quarter was $1596 an ounce so at current gold prices they are making nothing nada zilch the big 0! As for Fort Knox if it was a new mill that they had to pay to start up today it would not be built. Remember they are able to run lower grades as they do not need to finance a mine that would cost 500 million to 1 billion dollars. So a stupid comparison. FYI last quarter Kinross had an average sale price of $200 an ounce more than what they have to sell at today.
Similarly, AIC for Victoria Gold will likely run about $1600 an ounce so Tammy tell me true how much money are they going to make?
As I stated Banyan is a good project and definately has potential to be a mine but still has a long way to go and is overpriced at today's gold price!