InvestorsHub Logo

FL

Followers 1
Posts 993
Boards Moderated 2
Alias Born 03/20/2004

FL

Re: None

Wednesday, 06/23/2004 5:59:56 PM

Wednesday, June 23, 2004 5:59:56 PM

Post# of 2138
Aren't high-grade intersections best? 30 meters @ 14g/ton of gold seems better, to me, than 60 meters at 7g/ton, because of the base price of uncovering, digging, transporting and processing each ton of ore. Other things (like depth) being equal, isn't a high-grade lode much better than a low-grade load containing the same reserve ounces -- or is this thinking flawed?

I've liked to see double-digit grams per ton, though I'm aware that successful open pit mines manage with much less.

FL

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.