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quotWith ore prices so low there will not be much of a secondhand marketquot said David Merrett a business and economics lecturer at the University of Melbourne who has studied mining booms and busts.

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In 1935 International Gold Mines Ltd. a Canadian company was organized for the purpose of acquiring the Boundary Red Mountain Mine and equipment along with a nearby group of claims. In 1944 Tom Bourn of Bellingham purchased the mine and started a rehabilitation program.

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The gold mining operation stage represents the productive life of a mine during which ore is extracted and processed into gold. Processing involves transforming rock and ore into a metallic alloy of substantial purity known as dor233 typically containing between 6090% gold.

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