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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (2157)	10/25/1999 4:27:00 PM
From: Gazza	Read Replies (3) \| Respond to of 2392

I spent 20 minutes on the phone talking with Greg Finney today and while he is unable to be specific about certain matters coming down the pipeline, he did clear me up on certain matters that I will share with you. Once the Haber process is optimized for the Santa Maria Mine, the ore, which is already being mined, will be processed. Expect that optimization to take about two weeks all going well. I also verified this with haber and came up with the same figures. I asked at what point the mine would be profitable after that begins, he stated that technically the mine would be profitable at day 1, allowing for the fact that A/R in any business lags three to six weeks. Based on initial production of 97 tonnes per day income would be $24,000 a day on cost of $4,000 a day. This is a very conservative target production rate which can be easily exceeded. Other mines are expected to follow in tandem over the next few months. He has also been told my the market makers that they are out as soon as the mine is profitable as it would be pure dynamite for them to play there games with a profitable operating company, or words similar to that. Either way, I think that it is worth staying in this one for the long term, I am buying all I can at this level as there is some serious upside here, and in the not to distant future at that. Has anybody else had any conversation/s today that can verify some of what I have been told??? Gazza