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Gold/Mining/Energy : Barramundi Gold

BAM 53.90

-0.9%

Nov 4 3:59 PM EST

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To: Ross Orr who wrote (7)	10/1/1998 7:48:00 PM
From: zebity	Read Replies (1) of 99

Longline mining cost vs. Pogo Ross, I have know Bob Burban for many years (hence interest in BAM), he is a no BS person, which is why any one who knows him and has read the Longline brochure would know that this is the real thing. The grades being given in BAM brochure are 30g/t but to get level of gold extracted by Swede mill grades where between 75-200g/t. I have seen some one of the microscopic photographs of the gold material which confirms the view expressed in the brochure that gold is very fine and hence would not be able to be extracted using simple gravity mill as was previously done. Given that Pogo is going to require an underground mine (my understanding), while Longline will be an open cut one (coupled with fact that grades may be higher than initial conservative estimate), the cost of mining Longline will be significantly cheaper than for Pogo. As you say, if they use simple processing mill then most of the gold will still be in the tailings. This was why I was interested in ealier message re: Newmont/Longline as Newmont apparently have very effecient extraction methods, which could be used to go through the tailings. I speculated on the processing of the tailings from the original work by Swede as a quick way of raising capital a while back in another message group. If I hear any info on Wando drilling I will let you know. Also the Hunker Dome project is a huge unknown right now. No doubt BAM have lots of irons in the fire at the moment. Good luck. Interesting time for Gold at the moment, if price can be sustained over 300 for a couple of days then there could be a rally, as short sellers are forced by buy.

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