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

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To: koan who wrote (41131)	5/26/2007 4:47:58 PM
From: E. Charters	Read Replies (1) of 78424

I said if SEA consumption increases to NACT levels in 10 years it would increase to 30,000 tons per year extra consumption... in fact it will increase to 33 million tons per year extra consumption. Dropped a few zeros. And this was based on 1997 figures which I admit at modern growth rates are woefully out of date. This represents an increase from today's production of 300%. From 16 million tons to 49 million tons per year... To put this in perspective, let's take an additional 100 ordinary copper porphyry mines with an output of 100,000 tons per day of 0.5% copper and 0.5 grams gold. These mines would produce only 18 million tons of copper per year. And 2000 metric tons of gold. Not enough! Are there 100, 100,000 ton per day copper mine operating today? Well I don't think so, If you think so, then name them... Obviously with 33 billion lbs copper production per year right now, it can't be so.. And how much will it cost to build 100 ordinary 100,000 ton per day copper mines? Well unless we buld some sort of mass production facility for them and they get a lot cheaper, about 50 billion dollars. Get you cheque books out.. paulvaneeden.com EC<:-}

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