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jbsliverer

09/10/11 1:31 PM

#5436 RE: jbsliverer #5434

Quote:
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In Africa alone it is estimated that gold and gemstones worth $1 billion a year are produced by the ASM sector.
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That's the whole country of Africa which is multiple times more productive than the whole country of Mexico and the numbers came from all of gold and gemstones from the whole industry of ASM mined.




For a picture showing what that means and some correlation to what CRWV is trying to have "buyers" perceive as possible with their "small scale" mining operation.

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risk on

09/10/11 2:41 PM

#5441 RE: jbsliverer #5434

Quote:
In Africa alone it is estimated that gold and gemstones worth $1 billion a year are produced by the ASM sector.


Where is this Quote from please. Because, if You are trying to use this to say in the whole of Africa only 1 billion $ a year in precious metals and gemstones is mined, that is way low. I'm away from my computer now, but will make it a point to get to one later Today, and in a matter of minutes go through just Barrett and Newmonts annual African mining revenues and quickly dispel the Billion dollar number for the whole of Africa annually, as that is farcical, the true number is much higher.