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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (968)	9/24/2000 1:05:23 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 1907

<<But in this market San martin with an average grade of 1.5 g/tn wouldn't generate a market play even though that deposit will make good money at these prices. >> In fact the average grade at San Martin is more like 0.89 gram/ton but the logistics including run-of-the mine ore and strip ratios are exceptional.. When Glamis took over, gold was only US$277 and the market was almost in worst shape than now... still the deposit went for US$42/ ounces which is not bad given the price of gold... So grade is important yes..but the logistics makes the difference.