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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: ddl who wrote (2394)2/15/1997 12:50:00 PM
From: Bill Jackson   of 35569
 
Denis; I anticipate a cost of production under $200 per ounce with a net profit of $150. This cuts the 30,000,000 to 6,000,000 ounces a year to make it worth the $500. or around 30,000,000 tons per year. This place will be like Vat city. If they keep the time to 2 hours that means 82,000 tons per day divided by 12 =6800 tons per vat/group of vats every 2 hours. Do you have any idea the cost of that would be. Let us say they use concrete vats with liners they will each be 60 feet byn60 feet by 60 feet deep. Heated vats with stirring. BIG TIME vat farm. Of course they would use a group of 50 or so vats of smaller sizes to share pumps etc so it is doable. I do not know of any comparable place, other than the Tar Sands in Alberta which are similar in that heated vats remove oil from tar sands, some cross fertilization here. 1250 tons of gold a year would kill the price. The 6,000,000((250 tons) is OK
Bill Jackson
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