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Gold/Mining/Energy : Precious and Base Metal Investing

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To: E. Charters who wrote (35517)	7/20/2005 12:06:30 PM
From: VAUGHN	Read Replies (1) of 39344

Hello Eric Actually, the location is not as ominous as you might think. Firstly, its in Nunavut where mine development is generally viewed positively by the local population and typically can be approved in a far more streamlined and expeditious regulatory environment. Secondly, it’s near tidewater therefore freight and construction transportation costs can be significantly mitigated. Thirdly, there's a ready and willing labour pool many of who already have mine experience through Nanasivik and to a lesser degree, Lupin, northern Quebec and Newfoundland. Fourthly, the commodity is not of significant bulk or weight therefore shipping unrefined or preferably refined ore should be less of a production cost issue than was Nanasivik’s, which was much further north. Consequently, if the ore body should prove to be the same, larger and/or of higher grade than Lupin's, then I suspect a lower operating cost and long lived mine will be far more easily achievable. Regards Vaughn

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