Gold Valuations « Caliche's Blog
At any given time, there’s a single international spot price for an ounce of refined gold. Gold is priced in U.S. dollars: $1076.50 per ounce as we go to press. But what about the gold an exploration or mining company has in the ground – how do we value that? … Then, when gold ran up over $1000 before the crash of 2008, these valuations went out the window, and some companies were getting over $100 for merely Inferred ounces – do we have your attention now? …
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