Worth repeating, as I have said before, Silverado Gold Mines production could be around $500/ton which would allow the company to mine at a profit, while the average production cost for the majors $1,100/ton. $900oz Gold will force the majors to mothball some of their projects while selling off the low grade projects in order to survive. With world wide high demand for physical gold soaring, Silverado Gold Mines could be among the few with a sign on the front door "Open for Buisness" selling the flavor of the day, high grade "Gold-Antimony" All the company needs to do is find the right financing to put the Nolan Creek project into production, and the world will beat a path to their front door!! GRIM REAPER's "DD" Work http://agoracom.com/ir/Silverado/forums/discussion/topics/579172-silverado-est-production-cost-500-vs-1-100-for-major-mining-companies/messages/1818780#message

Gold shortage may lead to cancellation of export orders in September

25 Aug, 2013

MUMBAI: Gems and jewellery manufacturers may face large-scale cancellation of orders from overseas buyers in September as the production has been hit by lack of gold stocks, Gems and Jewellery Export Promotion Council has said.

"Since July last week, there has been no gold imports into the country. The lack of stocks is affecting manufacturing... which may result in cancellations of orders, heavily affecting the exports in September," GJEPC Vice-Chairman Pankaj Parekh told PTI.

The shortage has affected the the domestic jewellery sector too. "The gold stock situation is very bad. It is very difficult to even buy 100 grams of gold," All India Gems and Jewellery Federation chairman Haresh Soni said. "There are no stocks to fulfil current orders," he added.

http://economictimes.indiatimes.com/markets/commodities/gold-shortage-may-lead-to-cancellation-of-export-orders-in-september/articleshow/22045259.cms