An open letter to jr. gold investers by Ron Pitts 03/27/97 Message Board

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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97

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To: Ron Pitts who wrote ()	5/24/1997 10:11:00 AM
From: Robert	of 297

I just wondered whether there was an accepted gold equivalent of silver, i.e., how many ounces of silver are equivalent to 1 ounce of gold. I know it is straightforward using gold and silver prices, but presumably in a geological setting, when a company is drilling a property with gold and silver content, it is more difficult to calculate the gold equivalent ounces. Is there a conversion factor that can be used with confidence? Thanks in advance Robert

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