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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Richard Mazzarella who wrote (474)	12/14/2000 11:06:26 AM
From: Claude Cormier	Read Replies (1) of 4051

Richard, Yes. Thanks to the low costs at San Martin. The new forecast is for $113 at San Martin. The grade is low... but the material is exceptional. Very low strip ratio, good recoveries, and run-of-mine. Bypassing the crushing stage for a large portion of the feed lowers the costs big time. I am not sure if GLG will meet this forecast. But the logistics make sense.

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