Do you thrill to read about brave little companies with their gold showings in the romantic Yukon, or Nunavut, or Saskatchewan?
Are you a geologist? Do you know what it takes to make a mine? Do you understand the economics of mining?
If not, then before you invest, you might want to consider the handy table below.
Gold reserves by province and territory, as of December 31, 2011 (tonnes)
N.L N.S. N. B. P. Q. ON MB SK BC Yukon NWT Nun
13 0 0 667 1,101 72 13 96 14 0 69
Source: Natural Resources Canada, Information Bulletin, March 2014, available here
It seems to be very difficult to build reserves anywhere but Ontario and Quebec. And no, I don't know why Alberta isn't on the list.
I get it. I lived in Newfoundland for nearly four years, and I loved the place. I love reading about gold discoveries on the Island (or in Labrador). But I don't invest.
Are you a geologist? Do you know what it takes to make a mine? Do you understand the economics of mining?
If not, then before you invest, you might want to consider the handy table below.
Gold reserves by province and territory, as of December 31, 2011 (tonnes)
N.L N.S. N. B. P. Q. ON MB SK BC Yukon NWT Nun
13 0 0 667 1,101 72 13 96 14 0 69
Source: Natural Resources Canada, Information Bulletin, March 2014, available here
It seems to be very difficult to build reserves anywhere but Ontario and Quebec. And no, I don't know why Alberta isn't on the list.
I get it. I lived in Newfoundland for nearly four years, and I loved the place. I love reading about gold discoveries on the Island (or in Labrador). But I don't invest.
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