US Gold Price- Open pit mining

  1. 290 Posts.
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    If this gold price will hover around $1300
    We are $400 per ounce profitable plus with the two new mines coming on soon we should be able to produce more than the historical ounces

    Open pit mining may also prove an extra bonanza in cost of production.- profit maybe $600 per ounce

    Iron ore was the darling and a whiff of iron ore the stock would fly - gold may become the same
    If this is the case and this company does a listing in Hk where there aren't any gold mining in the country- this could have a that exciting buzz and a market capitalisation of anything.

    Lots of ifs but capped at 20 to 30 million - big bug upside
 
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