RE:RE:RE:RE:RE:RE:RE:Ugly Drill Results!International Tower Hill Mines has a low grade deposit grade is almost identical except they have 14 million ounces already completed a PEA and a PFS. Still open but they have not drilled a hole in over 2 years why because to date it has not much value.....
It might get to be big enough to see from space like ITH but it has to be economic enough to see the equipment from space lol.
As it stands there is alot of deposits just not enough demand to bring them to market. The gold bugs will say but there is a shortage but there really is not. The shortage idea assumes not much new production comes on stream. There is enough un-developed deposits to double current production. You see as the price of Gold rises these deposits become economic slowing the Price Growth which is why the gold bugs who have been calling for $5000 gold for 20 years have never got it right. Not even close gold is less than $1000 when adjusted for the past 20 years of inflation.