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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (3247)	5/25/2000 9:59:00 PM
From: Natedog	Respond to of 4269

Good post Elect. We shall wait for the next batch now. Hope they come soon.

To: Berry Picker who wrote (3247)	5/26/2000 12:14:00 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 4269

<<Actually a combined value of less than 1/2 gram at these depth is in fact economic. In fact, 1/4 gram is worth mining and is "economic" but it is not what the market wants or is looking for.>> Elect, assuming you have only PGM's in your 1/2 gram, that would be a metal value of roughly $8.50 per ton. This could potentially be economic if you have a huge tonnage in a continuous deposit with a very low strip ratio and excellent recoveries. You would need everything on your side. Keep in mind that PGM's are usually more complex to processed than gold. The higher capex would likely kill the project. No way for 1/4 gram. I don't think that this hole can be classified as a discovery hole. But they could be onto something if they can get the grade above 1 g/t PGM's and stay near surface. Now I doubt that they really reported in grains/ton. But if they did ????