Manhattan Minerals (MAN.T) Message Board

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Gold/Mining/Energy : Manhattan Minerals (MAN.T)

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To: Claude Cormier who wrote (2911)	7/7/1999 5:32:00 PM
From: S. E. Baker	Read Replies (1) of 4504

Claude (or anyone who wants to put in an estimate): Given the modest amount of information we have about TG-3 (grades, depth, geometry) and what we know of current metals prices, what are you looking for in terms of copper-equivalent grade or $/ton value of rock to be willing to consider that mining TG-3 might be economic, say, if 25M tons in the center of the lens were a reasonable expectation for the amount of rock that would be of that high-enough grade? Are we looking for 3% copper-equivalent or 8%? $50/ton rock or $120/ton? I know you'll just be giving rule-of-thumb general numbers, but I think it might be helpful to consider the issue. Thanks. Steve

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