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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)
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To: Janice Casolino who wrote (94)2/19/1997 11:10:00 AM
From: Francis Scavo   of 308
 
Janice
GRM has the top part of the hill and CQL has the bottom part (mine). There are several things you have to look at in a co. to do your DD.
#1 The most important would be the amount of gold. This is impotant but it is not the only thing to look at.
#2 The amount of gold per ton is just as important. The difference between 1gr and 3gr per ton is not 2gr but 3 times the amount of rock you have to move and process to get the other 2gr.
#3 The way you have to process it makes a big difference in the total cost per oz. So far they have not said anything on how they will process it.
If you look at the first post on this thread you will see he has the same Question as me. As of now I will just look.
Francis
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