Noob
As PCF Capital pursues the JV/Stategic Partner for the Mt Kare project we should see some volume and share price movement....
Until then, did you ever ask yourself how can people with picks and shovels extract 1+Million Oz of Gold in a 12-18 month period in 1988-1990?
Most Gold Mines with hundreds of millions of dollars of machinery struggle to extract 500,000Oz in a year....
These photos from Mt Kare in 1988 might help to explain why $1.2Billion worth of gold was dug by hand using picks and shovels.
The purity of Gold in Mt Kare is something special indeed....and what will attract American or Canadian investment in IDC.
That's not strawberry jam there Noob!
All that gold was mined out by hand between 1988-1990, but there is a whole lot more in the hard rock in Mt Kare! As you can see below.
This is what Bonanza Gold and Jewellry Boxes look like. Mt Kare has 8 of these,
Porgera only had 1.
70% of the Gold at Mt Kare and Porgera is in the Late Stage (near the bonanza gold mixing zones) which means very very low cash cost and very very low exploration costs to continually increase the JORC Resource and Grade.
These are the attributes of a Gold Mine the American and Canadian Private Equity Firms will be looking for.
Nectar38
