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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: VAUGHN who wrote (4377)8/23/1999 7:39:00 AM
From: gemsearcher   of 7235
 
Hello Vaughn.

As always , a very educational post.

I see that ABZ announced receipt of the Diavik feasibility study. Initial capital cost of C$ 1.3 billion (wow), with production slated for 2003. Interestingly , ABZ indicates that it anticipates being able to fund its share of costs without further equity financing.

I am not a close follower of the ABZ story , but must confess that the economics of that play appear (if I understand them correctly ) a little uncertain at this point - as opposed to say Camafuca ;-).

Regards.
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