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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: hubris33 who wrote (8431)3/27/2006 6:00:14 AM
From: Ed Ajootian   of 78418
 
hubris, thanks, that's helpful. Is a mine only economic if it is of interest to the majors?

For a given amount of gold-equivalent ounces of resource, wouldn't the threshold for an economic mine be smaller for silver vs. gold, since the silver would be less expensive to mine (on a gold-equivalent ounce basis)? The reason I say this is that for silver, there would be more ounces of the good stuff per ton of earth than would be the case for gold, which would imply to me that the costs of extracting that (on a per-ounce-of-gold-equivalent basis) would have to be cheaper than extracting gold.
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