Post by
ardbegoil on Jan 30, 2021 1:17pm
The" majors" are presently looking for MGM types
The majors like Barrick and Goldcorp have not been exploring for almost 2 decades and are now on the prowl for bigger new discoveries to keep their operations running...The rate being offered at todays gold prices is around $200 plus per in ground oz of gold and up to $400 per oz if gold reaches $3000.which is soon very possible.....That is discoveries of 5 million oz or more....Strip mine operations would probably command more than $200.....as they are cheaper to operate...Lets hope these next two drill programs can raise us up into the plus 5 million proven ounces and get some heads turning and possibly spinning....The infrastructure in place at MGM presently is actually the best I have seen in a long time...highways., on site roads,electical power,local available workforce and rail and almost 900 historical drilled holes and intact core samples....Hemlo, just 1 km. off the trans Canada Hwy. was the last big developed mine with infrastructure close to what we have at MGM and that was 25 years ago...Go MGM Go ...Just one more thing....Very little deeper level exploration has been done at Douay and all indications are it only gets better below just by whats been discovered all around MGM in the same formation......best to all