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Re: giaiv22 post# 90926

Sunday, 12/23/2012 1:26:13 AM

Sunday, December 23, 2012 1:26:13 AM

Post# of 167964
The numbers you have posted are not accurate.

According to the World Gold Council, the average cost of mining gold is about $240 per oz. These costs will vary depending on the location of the gold and the methods needed to extract it.

In Mexico it was determined to he around $330

Read my post about the difference between processing cost, cash cost and all in cost.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82730481

The all in cost is between $800 and $900 for a Tier 1 mining company - heck if SRGE were a real mining company they would lose money mining.

IG