SRU-ASE : STARFIELD RESOURCES Message Board

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

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To: jamesandrews who wrote (796)	2/24/2000 10:39:00 PM
From: Elizabeth Andrews	of 1239

Jim, most gold mine in Canada that are out of areas of infrastructure require grades of 0.50 oz per ton to be economic. This is a sulfide producer. Most gold mines can produce a dore and it can be flown to the refiner. SRU will require trains or trucks to get the concentrate to a seaport then by sea to a smelter. Very expensive. The other issue is that there is very little topographical relief in this area and hyro power is likely to be not an option. This means that expensive fuel oil has to be imported to the site to run the mill. Check out Echo Bay, as they have this problem. This mine has a grade of 0.35 oz/tn Au and does not make money. You can be a great employee and not a shareholder. 200,000 shares is a lot of risk in my view. I'm not here to pop your beliefs but why did you ask me? Some doubt about the strategy I suspect.

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