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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Richard Mazzarella who wrote (474)12/14/2000 12:16:43 AM
From: goldsheet   of 4051
 
> show GLG reserves based on an average of 0.023 OPT. That can be recovered at $165/oz?

Absolutely ! There is a mine just east of where I live that produced 165,000 ounces at a grade of .017opt at a cash cost of $160/ounce in 1999 (lower grade at lower cost). It is very similar to Glamis California desert properties (Picacho, Rand, Imperial). It is the Mesquite property, discovered by Gold Fields, developed by Sante Fe Pacific, and currently run by a little firm out of Denver called Newmont.
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