67 Million Ounces: WORLD"S BIGGEST GOLD RESERVES Discovered Deep In Siberia | |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 10/26/2020 07:20 PM Report Abusive Post Report Copyright Violation | Some more details on Sukhoi Log: The audit shows that as well as economically mineable reserves, the deposit has 67 million ounces of total resources, up from 63 million ounces previously estimated. That figure may rise after more drilling and studies. Main investment is due to start in 2023. Polyus has already started spending on infrastructure for the project, including co-investing with the government on the reconstruction of a local airport. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Moses Born Again in L.A.
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Beyond
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Anonymous Coward User ID: 77869560 United States 10/26/2020 07:27 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: Don Draper from Nantucket Last week the world's largest stockpile of gold was revealed when Russia’s largest gold producer, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves. A company audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, according to Chief Executive Officer Pavel Grachev. Additionally, the estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020. This means that the monetary value of the estimated gold holdings is just over $127 billion at today's prices. That means the field - accounting for more than a quarter of Russian gold reserves - is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska Saying "67 million ounces" is like saying your son is "34 months old". FFS, "nearly 2100 tons" would do. |
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Don Draper from Nantucket
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Don Draper from Nantucket
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Don Draper from Nantucket
(OP) User ID: 57553864 United States 10/27/2020 01:46 AM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: Don Draper from Nantucket Last week the world's largest stockpile of gold was revealed when Russia’s largest gold producer, Polyus PJSC, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves. A company audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, according to Chief Executive Officer Pavel Grachev. Additionally, the estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020. This means that the monetary value of the estimated gold holdings is just over $127 billion at today's prices. That means the field - accounting for more than a quarter of Russian gold reserves - is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska Saying "67 million ounces" is like saying your son is "34 months old". FFS, "nearly 2100 tons" would do. Indeed PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
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Anonymous Coward User ID: 77745354 Switzerland 10/27/2020 01:59 AM Report Abusive Post Report Copyright Violation | Israelis eyeing Russia as their next victim. Quoting: Anonymous Coward 79196416 This will be their second time subverting Russia in the last 100 years. [imgur] [link to imgur.com (secure)] |
Xenophon
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