MARUM RESOURCES ON ALBERTA Message Board

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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: Pete Mimmack who wrote (1029)	11/17/1998 3:51:00 PM
From: bill	Read Replies (1) of 2514

Does anyone have experience with gold mines in Canada? What is the difference in grams per ton between a profitable open pit gold mine and an underground mine? If someone knows those figures, we'd have an idea of the relationship between the two. When I lived in northern Manitoba, I know that there was mineralization in places but the area was never mined because the company knew the cut off point between making and losing money. Even when they had a mine, there was a cut off point. The same is true for open pit. The thing about diamond mines such as DMM is that they are incredibly rich compared to gold mines. If there was a gold mine in Canada producing the same dollars per ton the stock would be sky high.

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