GEOMAQUE Message Board - Msg: 12676725

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Gold/Mining/Energy : GEOMAQUE

GEO 15.22

+4.4%

Nov 14 4:00 PM EST

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To: TrueScouse who wrote (116)	1/25/2000 5:24:00 PM
From: Claude Cormier	Read Replies (1) of 260

Howy, I did exactly the same this week... picked up some more. I understand we will have good news next week. I suspect that we will have new numbers on the costs at San Francisco... GEO has been taking a lot of measures to bring those cost near $200, including a new mining plan, sucessful discovery at La Chicarra and others things.. Let say they can come out with $225/ounce on this production of 70,000 ounces. Add to that a costs of $169 for the 60,000 ounces per year at Vueltas del Rio... And you get 130,000 ounces per year at jus below $200...this means annual after tax cash flows of some $C13M per year. Not bad for a market cap of $C21M. What if gold moves to $325 ? $350 ? I agree with you...if all goes fine in Vueltas Del Rio start up, GEO is a steal. BTW, have you investigate Franciso Gold ?

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