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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.22

-0.5%

4:00 PM EST

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To: gregor who wrote (97513)	4/22/2004 6:51:29 AM
From: IngotWeTrust	Read Replies (1) of 116837

Can't help but wonder what that mining engineer speaker was "stating re: POG and extraction economics" ...back when gold was trading at $500+, and $600 plus? LOL I like Condor's explanation of waste rock vs "ore." Thurston's point is good, too...energy costs are a variable that skews mining economics...it was easier to make a profit at $10bbl oil than at $35bbl, for sure. The costs of KaCn heap leaching haven't changed much however--haven't noticed any spike in that price nor availability. The increased costs are mostly "energy related" from running the pumps to drip NaCn onto the piled ore and the constant stirring up and movement of the ore on the piles by the big tire loaders who do nothing but drive back and forth over, around and through those piles day in and day out. No, NaCn isn't hard on rubber<grin> g_t

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