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At first the gold may be washed from the sand and gravel by individual miners with little training, using a gold pan or similar simple instrument. Once it is clear that the volume of gold-bearing sediment is larger than a few cubic meters, the placer miners will build rockers or sluice boxes, with which a small group can wash gold from the sediment many times faster than using gold pans. (See placer mining for details.) Winning the gold in this manner requires almost no capital investment, only a simple pan or equipment that may be built on the spot, and only simple organization. The low investment, the high value per unit weight of gold, and the ability of gold dust and gold nuggets to serve as a medium of exchange, allow placer gold rushes to occur even in remote locations...
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Common topics in this essay:
- Capital Investment Analysis
- Capital Investment Appraisal
- Capital Markets And Investment Banking
- Capital Markets and the Investment Banking Process
- Initial Capital Investment
- Making Capital Investment Decisions
- Mining
- STARTUP/SEED STAGE INVESTMENT BY VENTURE CAPITAL
- The Misapplication Of Capital Investment Appraisal Techniques
- Gold And Silver Mining Globally And In Turkey
- Risk Analysis on Investment Decision - Analyzing Capital Budget
- Why Investment in Information Technology is Economically Necessary
- Impacts Of Gold Mining Waihi
- Mining Technology Advancments
- Mining
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