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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Claude Cormier who wrote (1281)6/6/2001 3:59:59 PM
From: baystock  Read Replies (1) of 4051
 
<Pre-feasibility studies, completed earlier this year on the other Meadowbank deposits, established a 2.5 g/t in-pit economic cut-off grade and projected total cash costs under $US200 per ounce gold with a 2500 ton per day operation. The majority of intersections from the Vault deposit surpass this grade and occur at shallow depths offering potentially low- strip ratio open pit additions. Mr. Kerry Curtis>

CC, At $200 an oz cash costs, these Meadowbank deposits look uneconomic at current gold prices. I would expect the total costs to be much higher, given their location in the Artic.
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