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

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To: koan who wrote (18434)	8/16/2006 6:04:54 PM
From: Ed Ajootian	Read Replies (1) of 78412

koan, Freegold Ventures (ITF.TO) -- I own a bunch of this, great to see another ITF fan. Most of this PR is greek to me, but I take it from the market response that it must be pretty good news. The fact that they are going to start crushing rocks in just a few months caught my eye. I called Freegold PR and they told me that the property is only a few miles from the Fort Knox mine, which has unused capacity, so the thought is that they would blast the rocks into moveable chunks and then truck them over to Fort Knox for processing. Would anyone care to gander how much this operation might cost per ounce? If I used $250/oz. (or a total of $2.5 M to process the 10,000 tons) this would generate $3.5 M net cash flow assuming $600 gold.

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