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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (9926)	7/7/1999 3:56:00 PM
From: Philip Choy	Read Replies (1) \| Respond to of 10482

Syncrude, at today's metal price, I have the following calculation: It takes 59.2 ton to produce one ounce of gold, total cost per ounce before copper credit 59.2 x $6.35(cash cost) + 103(capial cost) = $478.92 there are 4.8 x 59.2 x $0.8 = $227.33 copper credit net cost after copper credit 478.92 - 227.33 = 251.59 which is approximately the current gold price. I don't think PDG will walk away after spending millions of dollar and the project would be a go when metal prices recover. regards/