Drill for structure, drift for grade
Developing the Historic Kenville Gold Mine in Southeastern British Columbia
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Message: lets talk production

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Re: lets talk production

in response to lets talk production by bb4life
posted on Aug 26, 09 09:52AM

You've got to remember that this was a working mine. The reason it shut down was the technology to get it out and the low cost of gold. When you sell the gold at less then the cost of production, you've got to stop it. Now that gold is over $900 it makes sense to go back and get it out. The drilling is used as a guide to the best areas to mine. I'm sure that we can do two things at once i.e. mine and explore at the same time. DAWN is turning a profit with very little gold/ton in their ore compared to what we have. We may have about $2B of gold waiting to get out. No doubt it will take many years for it to come out. We could stay in business just with the gravel sales as it is now needed in the lower 48 for highway construction. I'm just confident that we'll make a go of it. I will keep buying in the dips as I already have more than enough. I've bought in since 1992 and have followed this company in its very dark hours. The light is coming on for a change. It is nice to see sunshine. Good luck to you and all shareholders.

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