atm. End of year. 100 million tones of ore.
100m x 10gram per tone of gold.
1b grames. Convert that into ounce is 28grams per ounce. 28 grams into is 35.7m oz of gold.
Atm there prospects is high grades.
So it could be 15 grams a tone.
So all of the ore holds around 1 million kg of gold which is nothing compared to the yearly avg but will take 30 years or so to mine.
the world maxes 1.5 million kilograms of gold each year.
Thats 50-million troy ounce a year.
for 200 years which is 10 billion oz of gold.
Over human kinds 300 million Kilograms been made.
so think you guys really need to go an learn about what your investing in or go do some basic research.
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