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Gold/Mining/Energy : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (309)	12/7/1999 11:25:00 AM
From: SwampDogg	Read Replies (1) \| Respond to of 457

<<The Hope Bay joint venture hopes to have a final resource estimate completed during the third quarter of 2000 sufficient to justify starting a feasibility study and permitting work at that time. "Currently, we envision the development of a 1,800/2,000 ton-per-day gold mine producing in excess of 300,000 ounces of gold per year at cash costs well below $200 (U.S.) ounces," confirmed Mr. Walsh. "Capital costs are estimated to be in the range of $100-million (U.S.) to $150-million (U.S.), with the capital and operating cost estimates based on work done by BHP and consultants to Cambiex.">> That is peanuts for a mine development