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Gold/Mining/Energy : Minefinders, MFL

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To: Claude Cormier who wrote (239)	10/29/2000 12:49:53 PM
From: russwinter	Read Replies (2) of 578

Claude, in looking this (Delores)over again, it just seems that they have so much higher grade stuff here now that costs have got to be coming way down (below 150)? And it has 3 1/2 million gold equv. over about 3 grams. Isn't there some high grading potential initially to pay capex off quickly? Deposit is great at depth. Kind of tough for non technical types to evaluate, but the mining engineers should be able to come up with a very profitable situation on this. Just doesn't have the feel of a marginal deposit any more (especially with the metallurgy) and seems ready made for a mid tier or major with talent. Unfortunately, Bailey's making statements about $40 to $50 an ounce for this: biz.yahoo.com That won't fly unless cash costs are below 125.

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