Golden Goose Resources-GGR (TSE) Message Board

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Gold/Mining/Energy : Golden Goose Resources-GGR (TSE)

GGR 2.720

-7.5%

Dec 31 3:59 PM EST

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To: gtr who wrote (8)	1/23/1999 12:48:00 AM
From: Brumell	Read Replies (1) of 14

It doesn't seem to add up, GTR. Their news releases refer to 20 million tons of ore grading 0.05 ounces per ton. At US$300 gold, that would mean ore value is $15 ton. However, take it further. Recovery is estimated at 75% reducing value to US$11.25 ton. Unfortunately, price of gold is currently under $300 making situation even worse. Can't see anything here, GTR. With gold at double today's price it would still be thin. Possibly I'm missing something. Perhaps there are other areas for exploration on property. Maybe Mr. Kaiser is simply stuck with some stock. B....

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