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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Crusader who wrote (8492)	3/27/2006 11:32:48 PM
From: rnsmth	Read Replies (1) of 78416

Gammon Lake is producing and its PR claims about 300k oz. equiv in the first full year of production Annual production is expected to average 270,000 ounces gold-equivalent (170,000 oz. gold and 6-million oz. silver) over the first seven years of mining, at a cash cost of US $151.74 per gold-equivalent ounce. Production from the first year of operation is anticipated to exceed 300,000 gold-equivalent ounces. At a US $400 gold price and US $6.50 silver price, the Internal Rate of Return (IRR) for the Project is 65%. Feb. 1: Gammon Lake Announces First Gold-Silver Pour at Ocampo Project.

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