What's the usual life span of a gold mine in Australia?
What is the difference between probable, inferred and proven reserves.
From what I have read viable gold mines produce minimum 50,000 ounces gold annually and if the usual life of a mine is say 10 years then I guess before production a minimum estimate of 500,000 ounces of proven reserves needed...am I correct? I am a novice in this....I can learn from your responses, thanks..
So, inferred 93,000 ounces is a good start but way back from thinking big...correct?
i am a small shareholder in CLZ and wondering if should put in another grand now or wait a while longer....
What's the usual life span of a gold mine in Australia? What is...
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