defining moment...
All the speculation about the economics of this find are based on the cost the get the gold out of the ground vs the price you can sell it for. Costs are relatively static on equipment and labor and slightly dynamic with fuel, but the price of gold is ultra volatile.
Most of the potential suitors have an experience for defining value in an exploration company based on the last 30 years of their career where up until the last couple years, gold has remained below $800 per ounce. In a previous post here someone wrote that EXS was using $400 per ounce to calculate the potential value of this property.
As the price of gold rises, there is a direct correlation to the value of this property rising. And surely a tipping point for feasibility. The problem is that miners need to believe that the price for gold will stay higher during the time it takes to extract the gold and actually realize on that higher price. Thus there is still a huge discount to the price of gold used to evaluate and offset this risk.
The consensus on the price of gold is divided as to where it might go and how long it will stay there, but that seems to be changing.
More and more, experts in the field, are calling for much higher prices and that they will be here to stay due to global fiat currency supplies increasing in exponential terms.
At the current trend, sooner than later, the depth of this find becomes a non issue and the amount of gold here becomes very attractive.
Global currency debasement and the direct effect that has on the increase in the price of gold is the real defining moment.
JMHO
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