Took this off another discussion board
"According to a July 2012 research report by Natural Resource Holdings, there are only 164 undeveloped gold deposits globally, with more than 1 Moz of gold in all categories, that are owned by non-major mining companies. The average grade of all these deposits is 0.66 grams per ton (g/t). Since we're mining +80 Moz a year, that makes these non-major-owned deposits quite valuable"
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=azx&t=list&m=31855826&l=0&pd=2&r=0#6HlcRsfCQoQey5VA.99