In the record-breaking season, the pond was removed – revealing bonanza grounds exceeding all expectations. Parker’s enlarged wash plant went into overdrive, churning through thousands of ounces per day of coarse chunky gold.
The scale of gold extracted was unheard of for a placer operation. At season’s end, the final tally showed Parker had recovered over 8300 ounces. With bullion prices soaring, its worth totaled an unprecedented $15 million – more than doubling all his prior years combined!
Achieving a staggering $15 million worth of pure gold recovered from a placer mining operation in one season is an almost unbelievable feat. Through diligent analysis, I aimed to break down this headline figure into more understandable terms to truly appreciate the immense scale of Parker Schnabel’s success.
The first step was establishing a baseline – what was today’s market value of gold? A quick check of global commodity exchange rates showed gold had been holding steady at around $2125 per troy ounce. Now, a troy ounce is the precise unit used to measure precious metals like gold. At 31.1 grams, it’s slightly heavier than the more familiar avoirdupois ounce used for other items.
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Wow! Good for him & all his helpers!!!!!!! What a great thing to hear in such a bleak time 😊
I hope he finds the mother load & claims it all before a buncha people show up & take his find from him…
Good luck to you & your crew man! 🎉
very lucky
720p in 2024….