In what universe does a mining company mine before drilling?
Are you aware of the normal process required to get a mine into production? After drilling the resource out, you have to model what part can be mined profitably. There is mill design, metallurgy, geotechnical, logistics, obtaining quotes, potentially permitting or amendments to permits, environmental assessments, a tendering process for the build, the time to build etc etc. Have you checked to see how much it costs to get a mine that is producing 50,000 ounces of gold a year costs and how long that takes?
Do you really think that the company can just mine? where did you come up with that? Was from anyone of the following tv shows?
Gold Rush?
Bering sea Gold?
Yukon Gold?
Aussie Gold Hunters?
You want a lifeline? 50/50, phone a friend or ask the audience?
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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8 | 820895 | 7.4¢ |
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2 | 228120 | 0.078 |
1 | 10000 | 0.077 |
1 | 13333 | 0.075 |
8 | 820895 | 0.074 |
Price($) | Vol. | No. |
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0.070 | 40000 | 1 |
0.071 | 110000 | 1 |
0.075 | 649123 | 5 |
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