Mongolia Gold Resources 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 : Mongolia Gold Resources

MGR 21.45

+0.3%

Dec 24 12:45 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Jackson who wrote (2834)	11/18/1998 5:09:00 PM
From: Dave R. Webb	Read Replies (2) of 4066

Bill Not to belabour a very interesting difference of opinion... Not too long ago someone introduced a nifty machine called a computer. That and the advent of email was going to do away with paper. Why, almost overnight we'd be able to compose, send, receive, and file or discard a tremendous amount of information. Know what? I personally own 4 computers and I'm up to my eyeballs in this paperless office. I now by the stuff by the case lot for my home. Does anyone else want to predict what the digital camera is going to create? Either way, I think being at the bottom-end of the cost curve is important. It is also important to have the cash-flow. Bearcat asked at what price the silver at Terra would be economically interesting. I suspect that if the historic 200 ounce per ton stopes from Norex can be supported, silver would be interesting at prices over $0.50 per ounce. Higher would be better. Realistically, the average grade of 30 opt is more reasonable to expect, and if the rock can come out at better than US$120 per ton, people should be interested. That means a breakeven price of around $4.00 per ounce might be established. The alternative might be to look for some grades higher than 30 opt. That's what makes the project so interesting....documented evidence of production grades ranging up to 74 opt. Nobody makes an investment to breakeven though, and in mining, you've got to set your sights a bit higher than elsewhere. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next