Golden Hope Mines

Golden Hope Mines Limited is a junior mining company trading on the TSX Venture Exchange under the symbol GNH and on the Pink Sheets in the U.S. under the symbol GOLHF.

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Re: 100 MT at 3 g/t

Golden Hope Mines

about 14 years ago

in response to twilight's message

twilight, i still have issues with it being strictly an underground mine as well but that may be a discussion for another day.

as far as 2-3gr per ton being "a given"....i wish! folks may not like to admit it but i would guess there are a few here that are afraid assays could still disappoint...i'm hopeful for 2gr+ but i dont consider it a given.

i look at it this way (probably an oversimplistic view) but using $40 ton processing cost (i think thats high) we need 1gr/ton for a break even....i think the market has us priced somewhere in the neighborhood of 1.2gr/ton

2gr per ton puts us into the real money..2gr x 100MT= 100mil gr after processing costs

3gr/ton is just insane imo...you'd be talking about 200mil gr after processing costs, my calculator smokes at that level...

would'nt that be over $3bil in profit? no, i dont think 2-3gr is a given...

jmho