Pacific Gold Corp fka PCFG

[KevinFx]

Thats because companies like Newmont and Barrick go after 10 million ounce or more sites.

The Limiting factor aside from funding in any mining operation are teams of people that know what they are doing epically seasoned geologists.

in the late 80's & 90's mining was a declining industry and there was very little interest in terms of graduates going into the mining industry.

The same thing happened with the oil industry in the early 90's when oil was $5/barrel. In 2003 they couldn't find any graduates with a background that had anything to do with oil drilling. They even stopped teaching it a most universities. So they saved the little expertises they had for the largest projects.

If a large mining company has 10 good "teams" to start up a mine they are not going to waste a "teams" time on 1/2 million ounces when they could be working on a project with 17 million ounces of gold and 700 MILLION ounces of silver like the one Barrick is working on in Chile right now.