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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: baystock who wrote (368)	7/12/2000 3:11:12 PM
From: goldsheet	Read Replies (2) of 4051

Based on the reserves you describe, it sounds like the Cerro Casale project (Placer Dome 51%/Arizona Star 25%/Bema Gold 24%) The 1999 Bema report show Cerro Casale having 23 million ounces of gold and 6 billion pounds of copper. It's a low grade project (0.69gpt AU ans .26% CU) which depends on Placer Dome's ability to fund $1.3B construction costs. Arizona Star stock was over $C15 several years ago (late 1996) and is now 85 cents. I do not know how much cash they have per share. Chart: finance.yahoo.com

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