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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.29+0.9%Dec 17 4:00 PM EST

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To: KyrosL who wrote (95534)10/15/2012 6:14:37 AM
From: Haim R. Branisteanu  Read Replies (1) of 218548
 
They are selling the concession for slightly over $1 billion and supposedly development of the project is lower than $2 billion - so something is not adding up.

Based on this table it shows different value

minefund.com

bullionstreet.com

Sukhoi Log's estimated reserves of 2,000 and 3,000 tonnes (64.3 million to 96.4 million Troy ounces) of gold and a smaller amount of silver make it into one of the world's largest untapped deposits of the precious metal.

But based on this assumption you are right and I am wrong :(
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