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Gold/Mining/Energy : ATNA ( v.atn t.atn)
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To: Richard Humphrey who wrote (46)11/26/1996 2:50:00 PM
From: Carl Ross   of 509
 
Rick,

I assume that in the 9 month release, they were not using the results released today.

Using $375 Au, $5 Ag, $1980 Cu, $730.5 Pb, and $1020 Zn all in US$ I got $250.7 US per tonne. with 0.75 Can dollar that makes $334 CAN per tonne. One thing that todays release did not mention was the depth at which the resource is found. Are we talking about open pit or underground depths? That makes a big difference in the extraction cost. I will dig through old releases to figure out the depth.
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