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Gold/Mining/Energy : Winspear Resources

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To: Sudhir Khanna who wrote (6270)	6/24/1998 9:11:00 PM
From: Andrew	Read Replies (1) of 26850

Hello Sudhir and everyone. How is it that gold mines can be economic at even just a few grams of gold per ton and it is questionable that this dyke cant be mined economically when it has a per ton value close to 40 grams of gold per ton. I realize that it is speculative wether there is enough tonnage or not but say they prove up 10 million tons... would a company that finds a 10 million ton ore body averaging 40 grams of gold per ton leave it in the ground? I called WSP ir yesterday and Sophie said they felt at least part of the dyke was open pittable and near surface. How much would per ton costs run on such an operation approximately? regards, Andy

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