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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (1091)12/6/2003 9:28:52 AM
From: Northern Marlin  Read Replies (2) of 48092
 
Wade, I sent the following e-mail to AEM Thursday morning.
So far, no reply has been received. Want to venture an
opinion?

Good morning Mr. Landen,


I'm trying to construct a model for 2004 based on your
production estimates announced on 11/20/03.

Please review the information below, taken from the 6-K for
3rd Q 03 and the 11/20/03 press release:

Head grades: Ytd 9/30/03 2004 estimate
Gold (oz/ton) 0.10 0.13
Silver (oz/ton) 2.14 2.50
Zinc 3.18% 3.40%
Copper 0.53% 0.60%

The grades of all four metals are estimated higher for 2004
than the actual grades produced in the first 9 months of
2003. What information did Agnico management use to arrive
at these grade estimates?
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