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One more time.

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1manband Member Profile
 
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1manband   Friday, 11/10/17 05:50:50 PM
Re: Moneydontbuylove post# 20000
Post # of 20457 
One more time.

There is gold EVERYWHERE on the planet. You can take a sample of soil or rock pretty much everywhere and find some gold.

The trick is finding economically recoverable gold. There is gold in tapwater, for instance, but you can't recover it at a profit. The same is true for 99.99% of all known gold deposits. I know of plenty of places in the Western US where I can take samples that return over 4 ounces a ton. But none of them are economic.

You can assay it and claim the numbers are awesome, but the vast majority of the time, they are not. Because you can't extract the gold at a profit. That is the purpose of feasibility studies. You know, the ones MXSG never did.

Gold does not equal automatic profit. If it did, the price of gold would not be almost $1300 an ounce.


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