US Precious Metals (fka USPR)

[gnolfinvestor]

you answered your own question ... fcx is mining profitably right next door to uspr's land ... as are dozens of other mining companies in mexico

UNTIL RESERVES ARE PROVEN, DIFFICULT TO GET FULL VALUE WHEN SELLING YOUR PROPERTY ... MAYBE USPR WILL GET BONAFIDE OFFERS AFTER PROVEN RESERVE NUMBERS COME IN ...

mining in mexico costs around well under $500 per ounce --- from a reputable mining publication (was posted on this mb about a year ago) --- one of the lowest costs globally --- so obviously still profitable

also if the plasma plant is successfully commercialized, future plans include building a second plasma plant near the mexican property --- WHICH WOULD GREATLY DECREASE THE COST OF MINING THE GOLD ....

for example, barrick gold produces their gold at an average cost from between $425 - $455:

Barrick Gold Corp. (TSE: ABX), the world’s largest pure gold miner, operates 26 gold mines, in addition to projects in the pipeline across Australia, North America, South America and Africa. According to a report issued by the company last year, it established 139.8 million ounces of proven, probable gold reserves, amongst the largest amount of un-hedged reserves in the industry. Barrick Gold has an optimistic goal of reaching 7.6 to 8.0 million ounces of gold produced during the current fiscal year, at a total cash cost of $425 to $455 per ounce. Barrick’s objective is, “to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.”

from:

http://goldinvestingnews.com/investing-in-gold/top-10-gold-producers