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Gold/Mining/Energy : Steppe Gold (SPE:V)
SPE 15.24+0.3%Nov 7 4:00 PM EST

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To: S. E. Baker who wrote (831)3/30/1998 11:58:00 PM
From: brian krause   of 1248
 
Steve, it seems that we have a different point of view. I have only been involved here for a year so make no claims on what has happend in the past.

From were I see it could be argued that financing requirements have gone up, on the other hand, cost of production has gone down and there will be more production. (60,000 vs 80,000) The following links will help show where I am coming from.

The first one is from about this time last year... I think you refer to this as the time of down sizing. April 97 info-mine.com You will note the production of 60,000 oz of gold and costs under $200.

The second is more current. Jan 98 info-mine.com This will predict 80,000 oz per year (at least in the first year of production.)

Any information that you or anyone else could provide regarding this would be greatly appreciated. Approximate dates would be helpful.
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