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Gold/Mining/Energy : Minefinders, MFL

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To: Claude Cormier who wrote (255)6/23/2001 10:46:06 AM
From: russwinter  Read Replies (1) of 578
 
Claude, please double check my calc if you haven't done these already on the new silver recoveries at Delores. We're really talking mostly on the oxide material, with actually 50% higher recoveries. Oxides constitute a third of the silver at Delores or 500,000 Au eq. So we get another 250,000 oz/13 year mine life, about 20,000 to the 250,000 Au eq annual output. That's 8% additional at no extra cash cost. Old cash cost was 152, new one would be 140. Look right? That's a crucial difference in this environment. This one gets pushed towards the superlative category. They haven't even gone after the high grade feeder material deeper.
minefinders.com

What do you think about Real Viejo? Would it be big enough?
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