Post by
strabismus on Nov 08, 2011 8:40am
This is such a low grade deposit
Gold will have to be over $5000.00 an ounce for at least 3 years before anyone will want to burn through the cash to mine here. All that sustains the sp are duped shareholders in a holding pattern of massively overbought proportion. Train wreck up ahead? Scary!
Comment by
MERC24 on Nov 08, 2011 8:59am
So are you 2 shorters or upset you missed getting back in when the stock was below 4?
Comment by
Rman20 on Nov 08, 2011 9:06am
I totally agree do the math @ 1.52 grams/ton you would have to mine 20 tons of rock to get 1 oz of gold....that's a lot of rock to move, mill, process and smelt for $ 1700 (assuming gold stays at this level) Think about it!