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<p>[QUOTE=&quot;webomatic, post: 1691232, member: 37577&quot;]If the cost of mining exceeds the cost of production then they simply don&#039;t mine any more.&nbsp; My family had owned mines up in Alaska since 1923.&nbsp; From 1923 till about 1930 it was an active mine.&nbsp; After that my great grandfather and great-great uncle didn&#039;t see the mine as viable therefore closing it indefinitely.&nbsp; Several decades and heirs later about 3 dozen surviving family members sold it to a California mining company in 2006 who wanted to activate it.&nbsp; The mining suspension was never a burden to my great grandfather and uncle since they were never soley reliant on the mines and were deversified in logging timber from Washington to Alaska.&nbsp; With that said, I&#039;d say miners will walk away with their profits and get back to excavating septic tanks or whatever they did when gold was at $400.&nbsp; Maybe another 70 years down the road their hiers will sell it and stuff a bit of cash into their pockets.[/QUOTE]</p><p><br /></p>

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