/biz/ - Business & Finance

>>51385637
Early stage exploration is a bit like playing the lotto, those samples will be hit or miss and the first drill program can make or break the project, so gold price isn't necessarily as important, moreso the results. With later stage exploration/development you can gain a lot of leverage to the gold price, especially if the project is marginal. You can buy ounces in the ground for $10/oz or even less.