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Gold/Mining/Energy : Minefinders, MFL

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To: marcos who wrote (71)	4/22/1998 12:15:00 AM
From: Claude Cormier	Read Replies (1) of 578

<< gold resources rise some 50% (to 1.5 million ounces) and silver resources rise 25% (to 50 million ounces). >> This guy need a calculator... on the last count, MFL had 1.2M ounces gold and 46M ounces silver. A 50% increase would give 1.8M ounces gold and 57M ounces silver. Of course all depends what cutoff grade he is using. All combined, I am looking for something between 2.5M and 3.0M ounces of gold euivalent using a 50:1 ratio. What will be important is how much is moved in the proven category. CC

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