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Flashminer

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Flashminer

Re: None

Wednesday, 08/14/2013 2:19:33 AM

Wednesday, August 14, 2013 2:19:33 AM

Post# of 12573
I remember hearing or reading somewhere that for open pit gold mines to reach breakeven you need constantly have between 6-8g/tonne gold in the material you take from the ground.

Went through the the press releases after EXS announced they would focus on open pit and the grade of gold at shallow depths isn't mind blowing. It looked like the average was between 5-6g/tonne and for a select few drill holes around 10g/tonne.

Does someone on this board have better insight into this? There has to be something about TPW that keeps EXS drilling for gold a shallow depths.
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