Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: E. Charters who wrote (4116)	8/8/1998 1:58:00 PM
From: Donald F. DeKold	Read Replies (3) of 4718

E Charters said, "I mean there is absolutely no mineable gold on the ojalali and there never will be. that is as bad as Black Swan." Charters, how can you make a statement such as this? Using VERYYYYY conservative rules for estimating costs...in ALL respects...the Jambi Zone with its simple metalics and potential for a high stripping ratio should net a profit of $100 per ounce for each of the 125,000 ounces of gold equivalents in it. Antares will do this in a heap leach operation with CHEAP local labor and CHEAP energy costs. Charters, you appear to know very little about Antares, so you shouldn't shoot form the lip. This time next year, there is the real possibility of ANZ having a cash in flow of US$1 month. I guess you don't have favorable economics on your property. Sorry for that. Don DeKold

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