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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Rocket Red who wrote (12206)5/28/2006 11:23:48 AM
From: loantech  Read Replies (1) of 78421
 
You haven't even read the stuff. LOL. The 17,000 is coming from old leach pad drainings that have dwindled down for years. They plan on full production in 2008 of about 170,000 ounces per yearat a cash cost of 325. Yes the grade is low at .6/g/t but did not stop them from making money in the past until gold dropped to under 300. At 500 POG they expect an IRR of about 25%. At 600 POG an IRR of about 52%. that is a pretty big number.
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