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Strategies & Market Trends : the times they are a-changin'

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To: The Vet who wrote (59)	2/12/2002 12:08:32 PM
From: tyc:>	Read Replies (1) of 145

Hope you like this kind of discussion as much as I do ! Brisas didn't say .5 g/tonne AU cut-off; they said .5 g GOLD EQUIVALENT cut-off. You must add the gold equivalent of TKO's copper. I think I said at today's prices total values equaled C$12 per tonne. With a today's gold price of C$15 per gram, that's a gold equivalent of .8 grams per tonne. (admittedly uneconomic at today's prices but very cheap at C$.50 per share, No ?) Fish Lake has seen 154,000 metres of drilling. It is all detailed in the Annual Information Form on Sedar dated February 19th. So the question remains; which is cheaper Gold Reserve or TKO ? (I concede that Brisas is bigger and of higher grade). It's questions like this that keeps me focused on producing mines !

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