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udoran

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  • The Marginal Cost Of Gold/Silver Production (2012) [View instapost]
    Ketchum & Gentlemen,
    The definitive study of the business is as always from GFMS, and has some most interesting facts. Have a look at the graphs breaking out the major country costs vs world. Notice how the S. Africa costs are the top of the heap, as it is obvious that with the labor problems there coupled with declining grades TWO MILES or more down are a killer.
    Also to be considered are the industry grasping for ounces at almost any cost per the ABX debacle at Pascua Lama, and the mega costs at Pueblo Viejho. Some of the CIBC numbers above should be dissected for complex underground high costs operations, vs Gold Copper deposits with heavy smelter charges at 25 - 30% or more of gross off the top charges. Some of the Society of Economic Geologists and older GFMS excellent work on finding costs are worth having also. Here is the fresh study; http://bit.ly/14UjQxv
    Jul 6, 2013. 01:41 PM | Likes Like |Link to Comment
  • Goldcorp's Bad Community Relations Could Sink Stock [View article]
    FIRST and foremost the interests of the local people and government should be addressed. When the country is in the first and only possible stage of its financial evolution, there are only two possible choices.
    1. Farming - agriculture - banannas, coconuts, whatever.
    2. Mining.
    There are no, and never will be any Silicon Valley operations.
    After a time from the development of the infrastructure, airports, roads, power, water, tourism may come at some amount.

    I now have a direct challenge to Mel to dig into the project and determine how much money went to the govt, both direct taxes, and payroll taxes on wages, etc, and the trickle down to all the folks both in the direct labor force at the project, AND the other suppliers.
    contractors. Check with those hundreds of folks and ask them what they will do when closure comes. Back to harvesting banannas?
    Apr 21, 2012. 01:06 PM | 3 Likes Like |Link to Comment
  • Goldcorp's Bad Community Relations Could Sink Stock [View article]
    This is the most shallow bit of bloviation seen in some time.
    GG is a very responsible operator, and with the central american vegatation, I am confident after recontouring and seeding the mine site will be the same as the surrounding property. Are you involved in one of the local NGO groups. Sounds like it.
    Apr 20, 2012. 04:53 PM | 6 Likes Like |Link to Comment
  • Central Bankers Handing Out Free Gold Puts - The Making of the Next Bubble [View article]
    Gold bug.
    Jun 18, 2010. 04:40 PM | Likes Like |Link to Comment
  • Central Bankers Handing Out Free Gold Puts - The Making of the Next Bubble [View article]
    Excellent work.
    "would central banksters tolerate it"
    The mega issue is CAN they do anything about it? Control the actions of the worlds population running to the currency of last resort, away from all paper with ink on it?
    It seems likely that they are out of gold to sell / lease to bash the market down, and the CRIMEX operations with the LBMA can come to a slow grinding halt with the smart big money taking delivery to shut down their ponzi schemes.
    Jun 18, 2010. 04:36 PM | Likes Like |Link to Comment
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