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Gold/Mining/Energy : Canmine resources

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To: Ralph Kern who wrote (2605)	6/7/2000 5:26:00 PM
From: Marshhawk	Read Replies (1) of 2769

Ralph, now we have a discussion. Ralph, you are being too conservative. 6 million upgrade is a capital expenditure, not an operating expense, so if you assume the refinery is good for 40 years, expense it at 150 k per year. Why are you and One-Eye off by a factor of 10. You say 15 mil in revenue and he says 1.5 mil. Was he referring to profit. How does he come up with 500$/mt as refining cost for Ni? Is this pyromet or hydromet? Does anyone know Sherrit's cost structure. If they bring the refinery on, and if they demonstrate they can refine metals other than Co and Ag, then they will have a steady stream of revenue refining other peoples output. A lot hinges on their ability to get the refinery up and running.

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