Good article in West Australian today.Large-scalegold mining is capital-intensive, and requires significant exploration anddevelopment, taking an average of 10 to 20 years before a mine is ready forproduction, according to WGC.
Evenduring the exploration process, the likelihood of a discovery progressing intothe development of a mine is low, with only about 10 per cent of global golddiscoveries containing sufficient metal to warrant mining.
That's a hell of a lot of directors fees to pay IF it gets to be mined
Ann: 2024 Scoping Study Alaska Range Copper Gold Project, page-178
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