Hey Bob22701, here is a figure for the average cost of producing an ounce of gold. Believe it or not it's about $620! Here is a link someone gave me last Friday. http://www.mining.com/2011/06/17/average-gold-mine-cash-costs-rise-1-8-to-620oz-in-q1-2011/?utm_source=twitterfeed&utm_medium=twitter The numbers are still enough to make you smile!