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Gold/Mining/Energy : Cross Lake Minerals CRN
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To: dave brown who wrote (3539)5/19/1999 11:56:00 PM
From: dean poets  Read Replies (1) of 3650
 
They are finding rock with an NSR of under $25-30 dollars per tonne. Underground mining costs will be at least $20 dollars per tonne. You are gonna have to prove up an awful lot of tonneage to ever get a mine built for that kind of return.

If you can find a different higher grade zone than maybe the chances of a mine would increase. Untill they find a higher grade zone I'll sit and watch.

Dean
PS. At least CRN is drilling, more than a lot of other junior companies can say.
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