Replies to post #6523 on US Precious Metals (fka USPR)

[Alleyba1]

My question based on your message to me is why are they not mining if gold is there as reports indicate and it is so cheap to mine?


usprinvestor Member Level
Friday, November 08, 2013 7:45:53 AM
just a general question: wouldn't it be nice if people actually did some dd before they posted?

if a ton of gold ore contains 1/2 an ounce of gold, results would be awesome .... anywhere above 1/4 ounce per ton is profitable (if you don't believe me, google how much gold in a ton of ore)

so let's use the higher number ... to get a million dollars worth of gold (at $1300 per ounce, 769 ounces of gold for a million dollars), you would need 1538 tons of ore .... maybe if we all went down to mexico and started picking up ore, we could gather 1538 TONS of ore in a few weeks.
for a billion dollars of gold, multiply by a thousand ... that would be 1,538,000 tons of ore (@ 1/2 ounce per ton)

btw, one of the reasons nano plasma processing is interesting, is because it doubles the output of gold from ore ....