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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (7633)	9/4/1999 3:58:00 PM
From: m.philli	Read Replies (1) \| Respond to of 81247

Morning DOUBLE D, can you or someone tell me what year Canada's policy of selling it's gold reserves was initiated and who was the Prime Minister during that period? thanks-mike

To: Enigma who wrote (7633)	9/4/1999 5:44:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 81247

<<however most of the large mines which have come into production in the last decade or so are huge open pit low grade deposits - so highgrading is not possible. >> In fact it is possible. All depends how you define highgrading. The gold in these epithermal low grade deposits is never perfectly distributed. A low grade open pit mine with an average of 1 gram/ton may have sweet spots of 1.3g/t and more. In depressed times, these operators can process the high grade ore which is 30% higher than mine average. So even if the ore is still very low grade by all standards, it provide them with 30% more gold for the same throuput and cost per ton.