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

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To: The Vet who wrote (61)	2/13/2002 9:42:59 PM
From: tyc:>	Read Replies (1) of 145

Further; tko's Gibralter Mine is an efficient large fully- equipped copper mine on stand-by. Historically, in the normal course, US$.85 copper would see it quick to recommission imho. The proposed CESL refining process might cut US$.15c per lb from costs of shipping and smelting. (and the Canadian $ (i.e costs) is very cheap) "Prosperity" is a bonus in the background. The most recent report(September 1998), says: "Based on 143,945 metres of large diameter core drilling in 326 holes, IMC has calculated a mineable mineral reserve for the Propsperity Deposit of 633 million tonnes grading .253%CU and .466 grams of gold.....(more worth reading)" according to my arithmetic (caveat emptor).With the Canadian dollar at .63 cents. Gold is C$15.25 per gram and copper (US.75) C$1.19 per lb. That produces total values of C$13.65 per tonne. Gold equivalent = .89 grams per tonne and CU equivalent = .52% cu.: that's a pretty nice bonus.

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