Goldtent TA Paradise

How many Silver g/t is good or very good?

1. Karl says:

   January 7, 2021 - 5:18 pm at 5:18 pm

   Answer: I don’t know. I used to think I did.

   If the numbers were all that counted that would be exceptionally high. However I learned all too late in life that not only do the numbers mean not so much they mean way way way less than that. Off the top of my head:

   Underground vs openpit
   metallurgy
   other metals — some may be pollutants – for example if lots of arsenic and it gets dusty during mining locals won’t like it
   site (Colombia: decades of civil war — unclear how well that’s settled and where — many local governments and populations actively oppose mining — new pro-mining gov’t initiative giving local gov’ts some cash back but….)
   skimming and cheating by management, touters, etc
   size of deposit
   spatial characteristics — is it all in a nice block vs scattered here and there
   how easy it is to mine and get to processing site
   etc etc

   but rather the exotically high figure as far as oz’s go. This is the sort of figure for mines of the 19th century where some ol’ prospector would find a vein with some silvery stuff and take it in and they’d assay it and they’d pound it hard and get some silver out of it for a few years and get gazzillions before the silver prices collapsed and he’d marry some bar girl (sorry adult serving person) and they’d live happily ever after. Or a dandy place for Romans to send the slaves into w/o anyone having to worry about any fancy stuff.

   • Gold Learner says:

     January 7, 2021 - 6:30 pm at 6:30 pm

     LOL … that’s my first reaction to your reply, Sir Karl.

     Yes, I agree jurisdiction of the mine matters a lot.

     Let’s see.
     I learned about MRDDF from Patrick Karim, AFAICR, about 4 months ago.

     So I opened a very small position in MRDDF on 9/24/20 and cost averaged down once on 10/22/20.
     I’m up about 18% in my holdings.
     The value of my holdings is less than 0.6 % of my portfolio.

     Thanks,
     GL

2. Fullgoldcrown says:

   January 7, 2021 - 6:45 pm at 6:45 pm

   Think about it we are talking grams of gold per ton of rock

   Like finding a needle in a haystack.

   No wonder Gold has intrinsic value..it is very rare even in places know to be a “deposit

   You have to crush a ton of rock to get a miniscule amount of Gold

   • Gold Learner says:

     January 7, 2021 - 7:28 pm at 7:28 pm

     It is silver in this junior’s / explorer’s case, but I get your point Sir Fully.
     Miniscule amount multiplied by 16 or 32, is still a miniscule amount.

     To me, “3,572 Grams Silver Equivalent Per Tonne” sounded like a big deal. Is it or is it not, going by mining history?

     • Highroller says:

       January 7, 2021 - 8:53 pm at 8:53 pm

       https://angrygeologist.blogspot.com/2020/08/vizsla.html

       they can butter up anything.

       • Highroller says:

         January 7, 2021 - 8:56 pm at 8:56 pm

         https://angrygeologist.blogspot.com/2018/11/first-majestic-reserves-who-needs-them.html