China drills a 4006.17 meter deep small diameter hole, finds 200 tons of gold.
(media.greatawakening.win)
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4.26 grams (0.15 ounces) per ton of ore. Which is about $312.
And that is only the gold-bearing ore. How much useless ore did they have to dig up to get to that?
The 4.26gpt figure is likely already averaged out together with the other "useless" ores. Which usually contain copper/silver/molybdenum byproducts that also helps with reduction of extraction costs
So the press release by the Chinese media is probably completely honest and telling you the facts, right?
Doesnt really matter if they lie or not.
If it is not economically feasible to mine those ores, it wouldnt benefit them one bit.
If they lie, they wont mine the gold up. If the gold is in the ground, it is worth absolutely nothing.
My point is just that this is not an amazing story about how China has all these great riches. 0.15 oz per ton of ore. Meh.