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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Robert who wrote (1164)	11/7/1998 6:22:00 PM
From: E. Charters	Respond to of 3282

So you are saying since everything is so statistically iffy, any fudge factor is ok as long as it agrees with your prejudice? :) I prefer using these highly irregular numbers as they fit my twisted sense of economics. average gold ore tonnage factor: 12 cu feet per short ton. one cubic metre = 35.31 cu feet or 2.94 SHORT tons. one cubic metre of seawater = one metric ton. AVG SG of gold ore = 2.65 AVG mass of one cubic metre gold ore = 2.65 metric tonnes Conversion factor ounces per short ton from grams per tonne = multiply by .029167. Conversion factor short tons from metric = multiply by .9074 Avg cost to find gold in situ = 4 dollars per ounce. AVG cost to develop an underground mine per ounce = $50.00 AVG cost to develop an open pit heap leach mine per ounce $25.00 EC<:-}