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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (57976)	9/8/2000 1:56:07 PM
From: goldsheet	Read Replies (1) \| Respond to of 116920

"425,000 oz with an average in-situ grade of 32 grams per tonne. The study estimated an IRR of 51% for a 500-tpd operation with a cash cost of US$160 per ounce. The calculated 27.3 g/t mill feed (after mining losses and dilution) indicated a payback of 1.8 years on the US$20 million capital investment. " Don't you just love vein ore, pushing almost 1 ounce per tonne, and you can develop it for only $20M. It not like having to spend $1B in capital on something that measures 2-3 grams per tonne, then you have to crush a mountain to process it. Here's another that is hitting up to 6 ounces per tonne: hbgold.com