SRU-ASE : STARFIELD RESOURCES Message Board

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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES

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To: Elizabeth Andrews who wrote (781)	2/24/2000 10:21:00 PM
From: jamesandrews	Read Replies (1) of 1239

Elizabeth, I don't know much about mining, but your suggestion that $230/ton would be needed to have a mine in this company's environment would seem a little extreme. I am just mentally converting that dollar figure to gold values and I do not know of many gold mines that are required to have over half an ounce of gold to the ton to be economical. If I read it correctly, the engineers feel that with 50 million tons of reserves, mining costs could be reduced to as low as $50/ton which seems to be supported by the geofin report that was done by an independent. This company was drilling this property when the cores were demonstrating $130/ton values and everybody involved with the property felt it was economical then. Where is the company wrong? I am an employee holding 200,000 plus, and I believe this company should be aggressively accumulated now!!! Regards, Jim Andrews

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