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Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT)

FT 8.030

+0.4%

Dec 30 4:00 PM EST

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To: coass who wrote (589)	5/9/2002 1:49:41 PM
From: Dave R. Webb	Read Replies (1) of 612

What does this mean in dollar terms. How much was invested in the property by previous operators? What is a tonne of anthracite coal worth? What does it cost to mine a tonne of anthracite coal? Some of these questions obviously need some generic answers, such as: Mining costs for most large open pits in northern BC run $x per tonne Mt Klappan has a 2:1 strip ratio (or whatever) Anthracite coal generally sells between $x and $y, but the bulk of it goes for around $z per tonne Dave

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