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Strategies & Market Trends : Winter in the Great White North

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To: IngotWeTrust who wrote (7814)12/2/2012 2:49:03 PM
From: teevee  Read Replies (1) of 8273
 
THE one key aspect of the mining and mineral exploration sectors is that grade is king. Only a few large AND high grade deposits are discovered each decade. Recent examples > 10 million oz gold that come to mind are:

Wafi-Golpu Cu-Au deposit (Harmony Gold and Newcrest) 28.5 million ounces of gold, 9.1 million tonnes of copper and 50.6 million ounces of silver (best discovery since Grasberg)

Near contender with high grade core:

Red Chris (Imperial Metals) ~22 million ounces gold, 7 million tonnes Cu, 82 million ounces Ag
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