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Hickock Mining is evaluating when to open a gold mine

The mine has 48 000 ounces of gold left that can be mined and mining operations will produce 6 000ounces per year The required return on the gold mine is 12% and it will cost $34million to open the mine When the mine is opened the company will sign a contract that will guarantee the price of gold for the remaining life of the mine If the

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