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Gold/Mining/Energy : Winspear Resources

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To: average joe who wrote (14985)	2/19/1999 2:53:00 PM
From: Walt	Read Replies (1) of 26850

Sometimes Joe, I dont know why I bother trying to talk sense. You better give a talk at the PDA because apparently most CEOs of Companies exploring for mines or operating mines are deluding themselves. According to you one would need two three million ounces of gold just to pay for a mine and at that they would need 5 ounce ore. Fools that they are they are out looking for a million or two ounces at less then an ounce per ton grade. Your numbers are out to lunch Joe. There are lots of mines that cost less then a half billion to put into production and there are lots of those running underground operations at rock worth far less then $2000 a ton. And they make money. regards Walt

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