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Gold/Mining/Energy : International Gold Corp (IGCO)

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To: Chuck Delo who wrote (290)	11/24/1998 10:06:00 PM
From: Semyon Kuretsky	Read Replies (1) of 405

Hey, Chuck! Good job! One of the key environmental issues is water.. If water shows up close to the surface then is a problem, because any water will be considered to be contaminated and has to be treated which is very costly and adds actually to recovery cost.. In our case the water table(as I learned recently) located below 500 feet and will allow open pit process without dealing with water treatment problems. Another environmental problem is toxic chemicals involved in leaching process which can have an effect on humans and wild life. Our area is located remotely from any residential communities so in regards to effect on humans we should not have any problems.. Effect on wild life could be a problem. but considering a positive impact on local and state economy that this project can bring, should be also resolved... And again, Carlin Trend is an example... I think that company will move in the direction of proving at least what they already covered in core drilling, and, even with only 9 core holes completed, we can expect up to 8-10 mm OZ of gold. So they might continue to drill around these hole to the extend that will allow to prove reserve. And as you indicated, early in Jan. we also might have recovery cost numbers.. This will insure the rise in the stock price and will help to get financing for the future R&D... Regards, Sam

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