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Gold/Mining/Energy : A "A" list of JR gold mining companies

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To: Claude Cormier who wrote (28)9/14/1998 4:00:00 AM
From: ForYourEyesOnly  Read Replies (1) of 169
 
Re: Metallica Economics

<.Very low production costs $125-$160 per
ounces...currently at feasibility stage.>

That is very attractive. However, I just checked the EN.TO 1998 annual and found the following on page 31 re Cerro San Pedro:

"The project has strong economic value at a gold price of US$330 per ounce or higher."

Do you know why they used the figure of $330?

If your figures are correct, this is truly attractive at the current price. Pls confirm.

Thanks!

THC
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