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Gold/Mining/Energy : BET YOUR ASSAY - Mining Terms Explained

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To: Tim Hall who wrote (446)	6/7/1998 7:48:00 AM
From: Gabe Heti	Read Replies (1) of 463

I am looking at investing in a private company with an African property with proven reserves of 50,000 ounces of alluvial gold. Pits show gold in the top 2 metres grading an average of 0.4 grams per cubic metre. (That's grams, not ounces per cubic metre). There is good road, water and power infrastructure nearby. Is there any way such a low grade of ore can be profitably mined? They are looking at processing 2,000 cubic metres per day. What might the startup costs be and what processing method would be most effective? Thanks, Gabe

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