Replies to post #168 on Mensa Mining Corp (EQBM)

[Trops]

Brikk,One aspect of the whole gold scenario that newcomers do not understand is the cost to mine a ounce.I bring this up because I was in gold stocks in a big way at 325-350 a oz.I will say this only once.The current gold and silver levels give or take 100.00 dollars a oz.is sufficient to make large profits for these companies.I keep seeing talk about a 1000.00+ for gold.That will most likely happen.These little companies do not need those levels to be profitable.Also a lot has to do with hedging.Unhedged companies to very well as compared to hedged companies.Although at current levels and looking forward both types of companies should do well.Here is the avg cost to mine a oz.of gold....What is the average cost of mining per ounce?(This holds true today as I have seen companies at the 175 range all the way up to 275.)
The world average mining cost per troy ounce was around USD 235.00 in 2002 (based on figures published by Gold Field Mineral Services). These costs include depreciation and amortization but to get a true estimate one should add between 30 and 40 USD/ounce to cover exploration, head office costs and so on. However, costs vary widely between companies and the mines themselves..http://www.gold.org/index.html