i did a really simple one once and found an ounce of gold would bey a rally nice suit, still pretty much the same today
Posted on 10/08/2016 10:58:01 AM PDT by JimSEA
During the final days of 2014 Canada's minister of the environment gave the green light to Seabridge Gold's KSM project in northern British Columbia, the world's largest undeveloped gold-copper project by reserves.
The federal and provincial environmental assessment process took nearly seven-years and KSM was only the second metal mine in five years to receive approval.
A new preliminary economic impact study released by Toronto-based Seabridge on Thursday, the already ambitious project takes another leap forward.
During the first seven years of operation annual gold output would top 1 million ounces According to a statement, Seabridge now envisages a much larger operation than the one outlined in the preliminary feasibility study released last month and in the process improves both the environmental impact and economics of KSM.
The PEA calls for mill throughput of 170,000 tonnes per day, 40,000 tonnes more than the earlier study which Seabridge says can be done without significant redesign of facilities. Initial capital costs have been increased by just less than 10% to $5.5 billion.
(Excerpt) Read more at mining.com ...
Wow.
They’re going to need a pretty big pan to swish that much gold around.
So this supply increase news shouldn’t be considered a factor in suppressing the price of gold, at least until production ramps up?
Where do you think the value of gold will be in the short and long term?
Just what are the chances of the holding ponds letting go and the material entering the Frazier River system and wiping out one of the largest Sockeye runs in the world?
An ounce per steer and 2 ounces per acre.
1 million people owning an ounce of gold means very little
I’m sorry, but all I know about gold mining is you put some of the dirt in a pan and then dip the pan in the water and swish it around and then swear because all there is left in the pan is some grey rocks. I was taught this by an old miner. My Dad taught me the swearing part.
I was not aware that steers were involved in gold mining. I didn’t think they were smart enough to mine for gold. Most of the time I see steers, they’re in a field chewing on grass or dropping a load of Obama on the ground.
I will now hold steers much higher in my estimation.
I’d always thought they were just Grass In/Crap Out machines like the marijuana dealers here on FR.
Just what are the chances of the holding ponds letting go and the material entering the Frazier River system and wiping out one of the largest Sockeye runs in the world?
..............
The site is in Canada. The EPA won’t be able to get to it.
A million ounces of gold a year cladding tungsten blocks
and we’re talking real wealth.
Just a comparison across centuries i once made. An ounce of gold was worth a market cow/steer and 2-3 ounces would buy an acre of average farmland
Oh.
I see.
So the steers don’t actually mine for gold.
You were making a comparison of the value of gold.
I see.
Well, I have to say that gold-mining steers would make an interesting story for the New York Times. That kind of story would win an academy Emmy or something.
I tried to teach one of my dogs to search for gold.
The problem was that I mistakenly trained him with “Fools Gold”.
He’d point at the TV every time Obama was on.
i did a really simple one once and found an ounce of gold would bey a rally nice suit, still pretty much the same today
Seems I’ve steered you in the wrong direction
Makes sense. Thx
A lot of the price of gold is emotion based. I couldn’t guess where it will go.
Frazier River system is in Canada. The Frazier River Sockeye are in the Frazier River, BC Canada. The project is just above the Lake Stuart area. But I cannot tell from the maps available how things would drain. Once any effluent gets into the river all the juvenile salmon in the river would be killed, and the returning spawners of that year class throughout the system. A major ecological disaster - unless you enjoy eating gold mining effluent.
Mine the minerals, eat the effluent. Get rich on gold, die of starvation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.