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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (80)	2/6/2001 3:25:45 PM
From: Claude Cormier	Respond to of 468

<Wouldn't the processing of sulfides (this is no surprise here) suggest a larger capex, rather than a higher per ton cash cost? > Yes... no doubt. But there would also be higher recoveries in all 3 metals... In a conventional operation you would recover the silver and the copper even at these low grades. <Or would the later be significantly higher as well? > I don' think so. <And, it would seem a high probability that this one will be large enough to justify the higher capex?> Exactly... RioTinto is going for something with 200++ millions tons here.. <In terms of buying the rest of my position here, I suspect we will get the typical pattern after a discovery..> No doubt.... I am not a buyer above $0.30... but would love to pick more near $0.25. Claude