Hi jd,

This is an excellent article that can be directly applied to us when determining our feasibility.

For some quick math, divide $200 cost per ounce by 30 grams = $6.66 per gram to mine

Divide the POG $1600 by 30 grams= $53 per gram.

This is not an exact science, but you can see the profit, to take it a step further for fun;

Divide the $53 by $6.66= 8 divide 1 g/t by 8 = .125 g/t is the break even g/t amount

So, you can see that our average grade there does not have to be very big before this is economical, you still have to take in consideration start up costs for the mill and set up, but still, you should be safe in saying that .25 g/t is econmical for us should the POG remain the same, if it goes twice as high, well your cutoff grade could fall dramatically. But, keep in mind, that there is lots of low grade gold that could come on line should the POG get real high, this in effect would contain the POG from going to drastic heights very quick.

Great find!

IMO