Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.64

+1.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (65414)	3/11/2001 11:22:44 PM
From: marynell	Read Replies (1) of 116815

Russ, It would be interesting to know how fast the industry can expand if gold soars to $400 to $500.oz. I would think that with these prices the companies can get credit and raise money with stock offerings, the fab shops will quickly turn out drill rigs, the crews will be trained, and off we go. Aren't there many large, high cost deposits for which the feasibility studies have been completed? Assuming that the feasibility in in place, how long does it take to get the mine financed and under construction and then operating? With the feasibility study complete and $500/oz motivation it may not take more the 18 months? Perhaps a more relevant question is not how fast the mines can ramp up production, but at what price the individual Indians and Chinese will part with their jewelry and nest-eggs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next