As long as the BFS can show that its economical to extra the gold, silver, and copper at their project target price , It really does not matter what the grade are, the end products is still the same, gold silver and copper.
If you believe that the price of resource will increase in the near future , I think you have a winner.
So at .135 cent who’s complaining.. Houston we have lift off, and counting $$$$$$$
CHINA'S SILVER DEMAND IS EXPLODING...price to reach $55 this year Mar 11, 17:10
Silver's demand growth from not only the developed world, but from the emerging world should continue to outweigh new sources of supply.
The last year has been an eye-opener in the silver market as we watched China turn from a net exporter of silver to a net importer. China had gross exports of 1,575 tonnes of silver last year, down 58% from a year earlier. China’s gross imports of silver increased 15% to 5,159 tonnes in 2010. In 2005, China was a net exporter of nearly 3,000 tonnes of silver. Last year, in 2010, China was a net importer of more than 3,500 tonnes of silver. Incredibly, Chinese net imports of silver surged four fold in just one year from 2009 to 2010.
We fully expect this growth of demand from that CHINA to continue in 2011 and possible for the next decade.
Demand for silver in China has risen sharply in recent months and years. Growing middle classes and savers in China, India and other Asian countries have been turning to “poor man’s gold” -- and using silver as a store of value. Gold has risen above its historical nominal high in local currency terms internationally. Moreover, silver is seen by many as a cheaper alternative. Based upon China's growing demand, silver should reach at least $55/oz this year and soar to over $100 in 2013 - especially when the Obama/Bernanke Inflation kicks in (a direct result of Quantitative Easing and the a methodical dollar devaluation). Needless to say it will be a volatile, exciting and profitable ride -- so hold on tight to this silver bull.
silver ratio to gold=16 to 1
CJO Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
