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Gold/Mining/Energy : International Gold Corp (IGCO)

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To: Chuck Delo who wrote (239)	11/4/1998 8:50:00 PM
From: Semyon Kuretsky	Read Replies (1) of 405

extraction cost: there was a rumor before that it was in the $145 - 150 range. Based on today's data it is possible to assume that it could be even less expensive: gold occurrence appears to be evenly distributed throughout the entire drilled area from top to bottom.. so excavation will be chipper and mining less expensive another factor that will keep price down - very high extraction rate. Actually extracted gold higher than fire assay results!!!. To produce 1 oz of gold less work and more to the bottom line The Big Question is how much gold is there??? It could be 35-70mm oz just in this part of 8.5%??(500mm ton * 0.14oz= 70mm oz) It could be one of the largest deposits in the world when first phase is done we will get the picture...It is more work has to be done.. IGCO will never say anything regarding deposit size until it is proven In one of their releases they said that this area could rival Carlin Trend. the average recovery rate is 0.14 oz per ton and this is physical gold! I think we all lucky to be here so early.. Good luck to all!!

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