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Gold/Mining/Energy : Latitude Minerals LTU.V

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To: William Puget who wrote (307)12/5/1999 12:18:00 PM
From: Claude Cormier  Read Replies (1) of 366
 
The grade at Minefinders variues a lot depending on the cut-off. As a whole the resource is economic now but I believe it does not provide a high enough IRR to be brought into production at current low prices.

However, Dolores as the potential for a high grade starter pit that will greatly enhance the economics. The company is drilling in January to better define these high grades zones. It wouldn't take a lot to make Dolores a "go" in the coming years.
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