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Gold/Mining/Energy : Major General--MGJ
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To: zedex who wrote (1490)11/4/1999 5:11:00 AM
From: tudor  Read Replies (1) of 1707
 
I believe I read somewhere that cost of production for Hammerdown was about $200US/oz. At close to $200US cost of production and 70000ozs Major seems to be getting about 50% on proven equity with gold close to $300US. To proceed alone they needed cash to develop, apparently couldn't get it. To develop with a partner they most likely they would have to give up 50%. At least this way they get the cash (after the 90 days). Anybody know if this was the cost figure or was it Canadian dollar cost.
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