Anglo-Swiss (ASW-Montreal) Sapphire Discovery Message Board

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Gold/Mining/Energy : Anglo-Swiss (ASW-Montreal) Sapphire Discovery

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To: paulc who wrote (64)	5/4/2000 7:20:00 PM
From: B. E. Barry	Read Replies (3) of 68

Welcome Joco. Paul & I could use some company here! Say Paul, just our luck that when ASW has the best news in their history, the Swiss bank wants to sell tons of gold. Doesn't this sound familiar. I find it interesting to read between the lines on the last news release. It would help if they gave us a better picture of the profit potential! I reviewed Hampton Court's previous releases. Last June they reported .6 grams of gold per cubic metre with an extraction cost of US$100 to $125 per ounce. It's hard to compare these numbers sometimes, but it looks like ASW has 1.1 grams of gold per cubic metre. Assuming Hampton puts the identical equipment on ASW's Catamayo River property, shouldn't the cost of extraction be much LESS than $100 per ounce? Or, shouldn't the PROFIT be well over $180 per ounce? Am I on the right track?

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