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Re: Montanore post# 17796

Sunday, 02/10/2008 3:04:29 PM

Sunday, February 10, 2008 3:04:29 PM

Post# of 78704
Mining companies and mining stock will be the darlings of the investment world for the next several years. I believe I read average cost of production per ounce for gold is in the mid $200 range so you can see that reserves that were not economical at $250 per ounce are VERY economical at $900+ per ounce. There are a great many overlooked, abandoned or "lost" gold deposits and gold mines across the country, as we have in Georgia, that are now very attractive. A small company like Drake can move quickly compared to larger mining companies and overhead is much lower so there is a definite niche for us small guys.
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