Monday, May 14, 2012 7:20:25 PM
last paragraph.
", further increases in gold prices should produce additional ore
reserves,"
The only way I can see a " ore
reserves" going up due to ''further increases in gold prices" is because as the price goes up the GRADE that is mineable goes down.
Using this simple logic is how and why old Gold Mines that were producing when gold was 33- 400 like the Bibiani N. Mine now become viable producers again as Gold is now 1.600 per ounce and in my opnion going much higher. http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Reserve-Update_Final_24June2011.pdf
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