IDC indochine mining limited

gold now a tier 1 asset, page-10

  1. 291 Posts.
    I've got this one lads-

    The higher the price of gold means that gold buried in the ground that will cost x amount to extract suddenly becomes a little more appealing at $1650!

    Example:
    POG $650-cost to extract say $650. Would you bother for $0 margin to make it part of your resource.

    POG $1650- cost to extract say $650. Now for $1000 margin you may want to include it in your Resource, reports, JORC etc!!??

    Hopefully that clears it up Rainman?

    Cheers

    Surly
 
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