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Gold/Mining/Energy : Francisco Gold - FGX.V

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To: Claude Cormier who wrote (998)10/19/2000 4:31:47 PM
From: Elizabeth Andrews  Read Replies (2) of 1907
 
If the recovered grade is 3.4 gms au equiv per tonne and the mining and milling cost is US$8 per tonne that yields a cost per ounce of about US$70. If the mine receives US$240 per ounce after refining and trans charges then that leaves US$170 per ounce margin. The present value of that over 10 years is worth more than US$25 per ounce.
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