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Gold/Mining/Energy : Queenstake Resources (QTR.T)

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To: Shirley Owen who wrote (1651)	1/5/1999 12:39:00 AM
From: Claude Cormier	Read Replies (2) of 2249

<<Where they really "shine" at the Pierina Mine, is the silver credits, which contribute to the incredibly low cost to produce an ounce of gold. >> I read that the contribution is about $15/ounce of gold which means that they will produce some 2-2.5M ounces of silver per year. DOes that make sense ? BTW, I am surprised by the garde you mentioned near 1.8g/t. Where did you get this number? Based on their production forecast of 750,000 ounces per year on a 23,000 tons/day operation...I'd say that the grade is closer to 3.0g/t. CC

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