Madison Enterprise, MNP/VSE Message Board

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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Mark K. who wrote (120)	12/22/1997 12:13:00 AM
From: rdww	Read Replies (1) of 285

if the drill holes fill in as hoped - this should be large. The signature is larger than Porgera. Porgera - which is one of the largest mines in the world was started by PDG a number of years ago. After quite a lot of drilling they finally figgered it out. The initial cash cost were under $100 and have since risen to the $175 range I think - but some of that is related to the drought in the area this past fall. A number of PDG's ex exploration guys work on this project as well - so a lot of the learning curve is already looked after. Cash - $ 8M before the wts next yr. The RUFF report and the report to come out next month by HRA both go into some history of the area.

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