Post by
Altim89 on Feb 01, 2023 3:57pm
Borden Lake Vs Novador
Borden Gold project located near Chapleau, Ontario, approximately 160 kilometers west of Goldcorp's Porcupine mine. The highly-prospective Borden Gold project currently has reported underground constrained indicated resources of 1.6 million ounces of gold (9.3Mt @ 5.39g/t) and inferred resources of 0.4 million ounces of gold (3Mt @ 4.37g/t) at a 2.5g/t gold cut-off grade. Gold was ~ $1550/oz USD
Probe Gold at Novador has 5.1 million oz, some is 1.42 g/t at Monique.
Gold is $1920/oz USD
Which is worth more?
Comment by
biotechguy1 on Feb 11, 2023 10:13am
Go back to January 2015 gold was 1150 and Bitcoin was 600 bucks... oil was 24 -28 bucks. input costs like diesel, labour and equipment have rocketed. mining equipment is 3-5 year delivery trucks ball mills etc. an existing company with spare equipment will buy PRB maybe....... crypto is magic foo foo powder ... to me! it's all relative .... glta