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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I'm a bit...just a bit...:), ignorant when it comes to how gold in the ground is valued, in terms of profit. I have seen the figure of $60 per oz. here.

Surely that is not what is left over from $1700 per oz., after all is accounted for? In one of the best jurisdiction in the world? With infrastructure in place, very close by? With a gravity recovery rate of 84%? Could someone enlighten me about this subject please?

Penderite

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penderite
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Pender Island BC
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11/07/2008
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Golden Hope Mines
Symbol
GNH
Exchange
TSX-V
Shares
7,058,899 as of 06/30/2015
Industry
Metals & Minerals
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