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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ
CSL 321.04+0.4%Dec 3 4:00 PM EST
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To: TheBusDriver who wrote (677)7/28/1999 7:14:00 AM
From: Francis R. Biscan Jr.  Read Replies (4) of 1285
 
Morning,

>>Rich? What do you say besides it's about time!<< & Spiney's >>Rich...could we get an update on the #'s based on this news release?<<

Well if my numbers are close, the project is going to show net earnings of approximately $66 million U.S. at the 6 million ton/year rate and $111 million at the 10 million ton/year rate.

It all depends on how the pie is sliced with the JV.

What is very exciting is that this scoping study is almost completed and this will entail a good part of what is going to go into the bankable feasibility study.

Have a good day,

Rich
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