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

To: russwinter who wrote (1199)	1/25/2001 7:28:44 PM
From: que seria	Read Replies (1) \| Respond to of 1907

russwinter: Can you run it up to about $10, so I can take a double and re-enter after the market returns to its usual state of indifference about gold deposits? I like the results too but I bet we see an initial mini-run and then settling into a somewhat higher trading range over the next weeks or months. Edit: Oh, BTW, thanks for the heads up on Iamgold.

To: russwinter who wrote (1199)	1/25/2001 11:42:46 PM
From: Claude Cormier	Read Replies (4) \| Respond to of 1907

<this one will go for at $60-$70 an ounce> With operating cost that could be well below US$50 and recoveries near the 90% level, I think MArlin would be worth more than $70/ounce. I just hope that seniors will give some time to FGX so it can expand these resources, as they are moving into higher gear. C

To: russwinter who wrote (1199)	1/26/2001 8:27:25 PM
From: marynell	Respond to of 1907

Russ, Here is my calculation based on the recent news release: 450 by 200 meters on surface, assume the thickness is 40 meters (the December news release had narrower intercepts). That is about 8 million tons. The average drill core is about 5 grams per ton, or about 0.15 oz/ton. That makes about 1 million ounces now. But the drill cores have had poor recovery, and the trenching indicates that the cores may be underpredicting the grade by 50% or more. Also, the geophysics has now been proven, and the geophysics indicates extensions of 300 and 150 meters or so. So it seems reasonable that this one deposit will give us 2 million ounces of stunningly cheap ore: oxide, near surface, high grade. Throw in the excellent showings from the other Guatemala properties, and we could be looking at some big numbers in a year, if Randy will put his C$30 million treasury to work. Jim Boyd