SPR spartan resources limited

Gold and macro environment, page-1100

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    The Homestake mine in the USA went up around 600% during the depression , labor and fuel became dirt cheap but gold tends to well in a recessionary environment which helps if that is your main revenue source and it comes from a high tenor mine (it was close to an ounce to the tonne and up to 20 M wide veins") that has a long life
 
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