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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: russwinter who wrote (1573)	7/13/2001 12:13:59 AM
From: John Sladek	Read Replies (1) of 4051

russ, <Getchell> At this price? Well of course at this price and at lower prices. PDG sure didn't buy Getchell to get a 100 - 200 k oz/yr underground mine with $400+++ / oz cash cost. When the Getchell pre-feasibilty study is out later this year, we will have a much better idea of what they've got. From the PDG website: In December 2000 a new resource calculation was completed, and the measured and indicated resources now total 23.1 million tonnes grading 12.8 grams per tonne at a cut-off grade of 6.86 grams per tonne, or 9.5 million ounces, up from 8.3 million ounces reported in the second quarter of 2000. Placer Dome will defer its reserve estimation until the completion of a pre-feasibility study. PDG wants to start up Getchell by 2004. If they can meet their objectives, they should be able to make up for the declining production at other mines. Sleeper is a bit more of a long shot. I think that PDG would like to pick up Sleeper from XCL, but seeeing as money is tight, and given their focus on Getchell they may wind up missing out on Sleeper. Regards, John Sladek

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