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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE

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To: Rick Thomas who wrote (246)11/26/1998 9:42:00 PM
From: Mark Bartlett  Read Replies (1) of 298
 
Rick,

At todays price of gold I would say that these are marginal results - that is not to say there is not the makings there of a potential mine - it would have to have a hell of a throughput ... almost treat it like a porphyry copper situation, like Amax did at Fort Knox (now Barrick). Still not enough drill results to make any real decisions. If they hit some higher grade stuff near the surface, could make a big difference. The structure has the makings of a very large system, so we may get some surprises.

Assuming Barrick stays the course (IMO they will) still worth holding some, or picking up a little.

With higher gold prices, it is a different story ... but that is true for a lot of them.

MB

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