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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (84748)	4/25/2002 9:56:09 AM
From: goldsheet	Read Replies (2) \| Respond to of 117017

I think there are plenty of gold resources out there which are not too far from being reserves. It might take a new operator coming in, different technology, a joint venture, a few more dollars up in gold prices, or a few dollar down in costs (plummeting currencies in RSA and Argentina mean more gold projects becoming economically viable) > People think that since a few gold mines with grades of say .15 or .20 are unprofitable, that gold cannot make money The GFMS number that 85% of all mines had a total production cost under $271 (the average price in 2001) really caught me eye. With gold at $300+, 90%+ are probably profitable and I am thinking more about mines opening than closing. The best thing for the industry would be for gold prices to consolidate where there are, as opposed to investor hopes of a big price rise. > 0.50 ounces per ton is very very good grade Excellent grade, there are many heap leach projects mining as low as 1 gram per tonne.