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Gold/Mining/Energy : BLACK HAWK (TSE:BHK)

BHK 9.720

-0.8%

Nov 3 4:00 PM EST

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To: Claude Cormier who wrote (450)	8/30/2002 12:01:49 PM
From: Stephen O	Read Replies (2) of 545

The 9c is Cdn. Cash cost to mine $200 an ounce, sell at $310, I used 72,000 ounces production as grade should be improved next year. Using 60,000 ounces I get about 7.3c Cdn. Any improvement in cost, higher grade eg or improvement in price over $310 will add to the story. BHK also has over 500,000 ounces indicated and inferred at Hoyle Pond.

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