RE: gurps13 Aug 2020 00:59
gurps
to mine gold in australia is very expensive
because its so far under ground they have had to develope block cave mining
capex is astronomical and compounded because they have to extract huge tonnage of material for small amounts of gold
look at newcrest capital expenditure over in oz alone..look at telfer and the panic there in because they have to find more rock to crush with small amounts of low purity gold in to feed the monster plant theve built to keep there shareholders divis... hence the rush to haverion to feed it.
nevada is totaly different
most of the gold is typically on or near the surface , and relatively easier to mine, and usually of high purity, and most importantly for gwmo is more highly concentrated .. more gold from less tonnes of material mined,therfore much lower capex.
at the moment gwmo is a stand alone concern/no partners to please/ and have demonstrated it is posible to PRODUCE GOLD from there existing tenements
if you can be bothered you would have found out by now that back in 2019 gwmo did over 242 soil samples in the rock house group showing all major metals and pathfinder minerals..
hope that helps........ gurps
chisler