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Re: uwf2466 post# 9150

Wednesday, 10/13/2010 8:55:34 AM

Wednesday, October 13, 2010 8:55:34 AM

Post# of 118202
Also Gold mining is a risky business. It's a conveyor belt of processes.

Just one process has to screw up for the whole mine to grind to a halt.

Just like what happened to PCFG a couple of years ago.

It was just one bit of the puzzle that brought the whole mine to a close.

Also when Gold was at $700/ounce people thought that was the high! So it was not worth the risk of pouring more money into a mine that would loose money if gold went back down to $400 which was still 100% higher than the low.

But now that gold is at $1350 and on its way to $1450 its a whole different ball game.


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