Srinivas_K
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Over 3000 Tons of Gold mine found in Sonabhadra, UttaraPradesh
Estimates are they will be 180 billion dollars, I calculated based on googling 1 ton gold.Considering Gold prices today, for 10 gm of 24 karat (99.5%) Gold (in Lucknow, UP), is valued at Rs.43030. That translates to Rs.12909,00,00,00,000 or Rs.12909 crore or about 1.796 billion usd. However, India's current gold reserves is estimated at 625.6 tonnes of gold (Ref: https://www.businesstoday.in/curren...gold-reserves-in-two-months/story/393571.html ). However, currently at Tenth position in the world, in terms of total gold holding, this will put us at second position,with about 3625.6 tonnes, ahead of Germany with 3366 tonnes and behind USA with 8133 tonnes.
There is a discovery of lithium reserves in Karnataka which is the raw material for batteries and will be a huge boost for electric vehicle revolution.Combine it with the Gold mines in Jharkhand...
YEah..not much..but a good start...There is a discovery of lithium reserves in Karnataka which is the raw material for batteries and will be a huge boost for electric vehicle revolution.
True dat.Gold never loses its real value, Its industrial applications and requirements will continue to increase in the 21rst century space age due its widespread usage in computer chips and for radiation protection, In times of currency crisis, it becomes the main alternate currency and tool for trade / bartering.
As a country, we are well-placed if the Petro-Dollar loses its current status as reserve currency and global trade returns to a gold backed currency sometime in the near future...
I hope not. If it is really 3500 tons of gold ore then we can expect maximum 21 kg Gold @ 6grams per ton (typical yield rate) which amounts to a whopping Rs 9 crorePeople are completely clueless online it's 3500 tonne gold ore not pure gold . Maximum extraction will be 8-10% pure gold out of this 3500 tonne gold ore . Which will add 300-350 tonnes of gold to our holding .
It will take nothing less than 30 years to mine these gold deposits easily
Someone was predicting people on Bihar UP and Jharkhand will discover lots of minerals in their lands before end of this year . Looks like this UP discovery is just a start of more to follow .
I don't think it's ore estimates either. They don't exactly publish ore estimates, always how much material that can be got from however amount it ore there is.
I hope not. If it is really 3500 tons of gold ore then we can expect maximum 21 kg Gold @ 6grams per ton (typical yield rate) which amounts to a whopping Rs 9 crore
I seriously doubt they would make such a big deal of it if it were just 3500 tons of gold ore.
I don't think so..............
I hope not. If it is really 3500 tons of gold ore then we can expect maximum 21 kg Gold @ 6grams per ton (typical yield rate) which amounts to a whopping Rs 9 crore
I seriously doubt they would make such a big deal of it if it were just 3500 tons of gold ore.
official statement is here...People are completely clueless online it's 3500 tonne gold ore not pure gold . Maximum extraction will be 8-10% pure gold out of this 3500 tonne gold ore . Which will add 300-350 tonnes of gold to our holding .
It will take nothing less than 30 years to mine these gold deposits easily
Someone was predicting people on Bihar UP and Jharkhand will discover lots of minerals in their lands before end of this year . Looks like this UP discovery is just a start of more to follow .
Oh shit. No gold lol.official statement is here...
f**k 30 character rule
The reports are suggesting that it is indeed 3600 Tons of Gold.
I hope not. If it is really 3500 tons of gold ore then we can expect maximum 21 kg Gold @ 6grams per ton (typical yield rate) which amounts to a whopping Rs 9 crore
I seriously doubt they would make such a big deal of it if it were just 3500 tons of gold ore.
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