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


To: POLARBEAR who wrote (3251)5/26/2000 9:58:00 AM
From: Claude Cormier  Read Replies (1) | Respond to of 4269
 
PB,

Grade alone is no guarantee. There are may factors affecting the ultimate processing costs. A deposit of 5M tons of 1 gram/ton is really small... Only 150,000 ounces. Such deposit is not worth bringing into production. At 1 g/t, we must talk at least 20-30 millions tons and it better have excellent characteristics (open pit with low strip ratio and high recovery rates).