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Gold/Mining/Energy : Winspear Resources

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To: average joe who wrote (15003)	2/20/1999 11:10:00 AM
From: Walt	Read Replies (1) of 26850

Nice trick question Joe, I bet you had to think about it for awhile. There is only one mine North of sixty for diamonds that one could get figures for EKATI. It is a big mine, put in by a big company and they put in big bucks because they wanted a big flag ship operation. Its akin to taking the biggest most expensive gold mine anywhere in the world and saying, hey no one can build a viable mine for less. Your logic and numbers simply dont work. You know it, (I hope) I know it and anyone with a wit of intelligence about the buisness knows it. Face it Joe you shot yourself in both feet with "IT TAKE A HALF BILLION to build a mine and/or you need ore worth $2000 a ton." Its a little like saying GEE it cost GM 75 million to design a new car and a billion to put it into product so no one could design or build a car for less. Each mine is a unigue situation they vary in price from a few million on up, profits depend on costs vs grade vs recovery. Think about it a bit. regards Walt

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