Pacific North West Capital Corporation-PFN on Alberta Message Board

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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.440

0.0%

Nov 26 4:00 PM EST

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To: RWILL who wrote (1675)	5/29/2000 5:13:00 PM
From: Claude Cormier	Read Replies (1) of 2255

RWILL, $26 per ton is the number I used. With that kind of metal value per ton, it is easy to be profitable if you have a large open pit with low strip ratios and good metal recoveries. With a throughput of 10,000-20,000 ton per day, costs can be well below $10 per ton, leaving an hefty gross profit. Many gold operations run profitably with costs of $2-4 per ton and $10-$20 of metal value per ton. OK, PGM's are a bit more complex to produce but a cost of $5-$10 make sense assuming the above characteristics.

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