SRU-ASE : STARFIELD RESOURCES Message Board

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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES

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To: Elizabeth Andrews who wrote (1117)	12/6/2000 2:08:10 AM
From: jamesandrews	of 1239

Hi Liz, I believe after discussions with several professionals in the mining area. We would be economic at about 50,million tons. It becomes very spicy if we hit one of these rich pods (ovoid or chambers) or our grade starts to get richer as we go deeper and closer to the source. With your favourite play Hemlo it is my understanding they drove a shaft to the rich area to pay for the infra structure in a hurry. We are hopeful here of the same sort of host environment. You are right there are a lot of areas with huge deposits that at the end of the day are not economic. If gold was at $400 this ore grade would still be 25% to the tonne at app $100.00 as reported. Another factor that could come into play is the discounted Canadian Dollar along with the fact that PGM prices appear to want to go much higher. Regards Jim

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