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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: Elizabeth Andrews who wrote (110)	1/5/2003 11:12:43 AM
From: tyc:>	Read Replies (1) of 158

Postscript: I just had another thought about that "ore-pass and drift". It's sheer speculation of course ! "Adjacent to the southeast zone the Sustut property also hosts additional resources of 3.95 million tonnes grading 1.25% copper and 8.66 million tonnes grading .73% copper (at a cut-off of .4% copper) ... The feasibility study does not contemplate the mining of these additional resources" (DSR news report of Nov 12) When once that Ore-pass to the valley floor is made, it could perhaps enhance the viability of these deposits. The 6 million tonnes of the S.E. zone provides a life of about 5-6 years. But perhaps this operation could have a longer life.... thus "subsidizing" the development of Kemess North. What I am saying is that this could be the "straw" that the perhaps-marginal 5,000,000 ounces of the Kemess North needs to be viable.

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