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Gold/Mining/Energy : DIADEM RESOURCES - DIR,M

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To: CIMA who wrote (782)	12/7/1997 2:45:00 PM
From: Dave Tan	Read Replies (1) of 897

Per ounce cash cost of $115 is excellent, but does that include the capital cost for all the dredging and processing equipment? Plus right now there is a financial crisis in Indonesia (currency) and I'm sure everyone is familiar with Busang, nothing is for sure until we get the final approval from the government. Nicaragua is quoted at $130, but I believe that is a hard rock deposit which means that the capital cost/startup cost will be higher. I will try and give them a call this week, but I doubt anything is happening until next year.

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