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Gold/Mining/Energy : Stealth Mining Corp. [SAL:ASE]

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To: Leigh McBain who wrote (100)	10/24/1997 1:26:00 AM
From: Roman de Guzman	Read Replies (1) of 130

Its assay analysis showed as high as 6 ounces per ton of gold. One of the reasons why the estimate was 1.5 million ounces of gold. Therefore, it is economical because it needs to process only less tonnage of ore to produce the minerals. For example, if I have an average of 1 ounce per ton in my mine, I need only 1 ton to process to produce 1 ounce of gold. Most gold mining companies have an average of 0.2 ounce per ton. Therefore, it requires 5 tons for them to mill to produce the same amount of gold. The company needs some exposure to bring it the $3-$10 level.

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