Evaluating placer properties

[Slatco]

When deciding to go from hand mining to machine op on a property I used to do the following calculation: Half projected gold recovery and double the projected expenses and if it still makes economic sense go for it (obviously there was a lot more that went into it but that was one of the deciding factors).

With the revenue side increasing at a crazy rate (up 21% since July) I don't think this calculation is as relevant as the expense side hasn't increased at the same rate. I am thinking instead of doubling cost, maybe 1.5x would be more accurate? Thoughts?

[chickenminer]

I think there is a bunch of folks reevaluating ground at todays price!
The old stacked dragline tailing piles I tested that ran 1oz/100yds would be tempting
now. No stripping, all thawed !

[Slatco]

Oh heck ya, go get those! Anything 1 oz/100 is worth taking a run at especially if you can move volume and its not froze!