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Message: 5.72oz/ton?

Re: 5.72oz/ton?-mining costs by Mathou

in response to by
posted on Sep 26, 2009 09:46PM

They have been discussed numerous times in the past, but as a rule of thumb, you might want to use 50% the current price of gold as a figure to use in computing P/E ratios and profits. Don't forget the Antimony deposits on the Nolan. If they are significant enough, either the gold or antimony is going to offset the other, relegating their production cost to NIL, nada, zero !!!!!!!!

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