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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International ) -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (394)	3/31/2000 7:08:00 PM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 462

This Company is so undervalued, just look here. biz.yahoo.com XXXXXXXXXXXXXXXXXXXXXX According to a recent evaluation from Abiting Inc., the Hammerdown deposit contains proven and probable reserves of 297,000 tons of ore at a grade of 0.61 ounces of gold per ton, representing approximately 181,500 ounces of gold. Furthermore, resources are estimated to contain an additional 100,000 ounces of gold. Including the evaluation expenses, the purchase price is $6 million of which $5.4 million was paid in cash. The remaining $600,000 will be paid out at $10 for every ounce of gold between the 70,000th ounce and the 130,000th ounce of gold produced from the Hammerdown deposit. After the deposit has produced 200,000 ounces of gold, a royalty of $20 per ounce will be payable to the previous owner, Major General Resources Ltd., if the gold price exceeds US$290 per ounce. Based on the proven and probable reserves, the purchase price is evaluated at CAN$33 (US$23) per ounce of gold; by taking into account the resources, the cost is CAN$21 (US$14) per ounce. The potential to increase reserves is excellent, and a systematic exploration program will take place to increase known reserves. XXXXXXXXXXXXXXXXXXXX Just look at Damoti, the ore is high grade, maybe I am wrong, but at a sale of 10 per oz, ( for the high grade stuff only ) That would add up fast. Sure will be fun to read the specs on the Mexican property. see , if I can dig something up. maybe , I can get a fax from somewhere. all have a great weekend. looking better all the time, if gold would only hit 350, all the ducks are in a row now, with Paul as our leader.