HP, regarding the cost of doing business in alluvial gold mining...
Pacific Gold Corp has been in the business for about 8 years now. Their Business Description sounds a lot like LLSR's.
Pacific Gold is engaged in the identification, acquisition, and development of mining prospects believed to have known gold and/or
tungsten mineralizations. The main objective is to identify, and develop commercially viable mineralizations on prospects over which the company has rights that could produce revenues. These types of prospects may also contain mineralization of metals often found with gold and/or tungsten which also may be worth processing. Development of commercially viable mineralization of any metal includes a high degree of risk which careful evaluation, experience and factual knowledge may not eliminate, and therefore, we may never produce any significant revenues.
Pacific Gold Corp. owns 100% of four operating subsidiaries; Nevada Rae Gold, Inc., Fernley Gold, Inc., Pilot Mountain Resources Inc., and Pacific Metals Corp. through which it holds various prospects in Nevada and Colorado. The Company intends to acquire through staking, purchasing and/or leasing arrangements additional prospects, from time to time, in which there may be gold, tungsten and/or other mineral deposit potential.
Last quarter they posted revenues of $71,019 and the cost of production was $78,687, not including depreciation. This resulted in a net operating loss of ($389,041). And that doesn't include the cost of paying off the local warlords, bribes, 10% Mining Royalties (off the top), and a MINIMUM of 51% to the indigenous ownership.
So you can see that my example cost of doing business in Zimbabwe was really quite reasonable.
By the way, the ticker for Pacific Gold is PCFG. They are currently trading at $0.017
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