GOLD 0.51% $1,391.7 gold futures

how to value a junior gold, page-60

  1. 2,739 Posts.
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    troyus

    CTO has the bigger resource I think (10 mill oz inferred) and it's all in a town centre.

    It has economy of scale on its side - as all the resource is in one area... much more economical to produce from.

    CTO has a very predictable and repetitive gold system - all the resource is there, even though it's inferred however to get it converted to reserves will take years - not worth the exercise as it would require very tight drilling.

    In fact one of the mines Warrior was thought to have a resource of 400,00 oz or so - it ended up on closer inspection and tighter drilling to have a resource of 800,000 oz... so it got upgraded.
 
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