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

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To: Shirley Owen who wrote (1656)	1/5/1999 9:58:00 AM
From: Claude Cormier	Read Replies (1) of 2249

<<The figure of .064 0zs.comes from their own website. If you convert that to grams it is .064 x (1oz.=28.349)=1.81g/t.>> Thanks..would you have the URL. I search for it and couldn't find it. <<they have over 52 million ounces of silver. With a projected mine life of at least 11 years they can, and probably will, produce more than 2-2.5 million ounces of silver per year. Given those figures 52 million divided by 11 years would work out to almost 4.73 million ounces silver/year >> Usually in those gold/silver heap leaching operations, the recovery rate of silver is far below the one for gold, often in the 50%-60% range. Anyway, the figure is between 2.5M and 4M I guess. No matter what the precise numbers are, it is a superb operation.

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