Re: Who Has Depressed The Juniors And Explorers, ABX?
in response to
by
posted on
May 11, 2008 06:29PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
As the price of fuel increases, so does the cost of processing ore. So low grade discoveries will not get as much attention I believe for some time. This can be off set by large tonnage to some extent but the best weapon would be an increase in the price per ounce of gold. I believe the price of gold is going to go thru the $1000 barrier and stay there within a few months to years and once we get thru that phsycological barrier, we will keep rising and that will make the cut off grades lower. Let's hope for gold to get thru that $1000 soon!
Glorieux