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To: pater tenebrarum who wrote (77525)3/8/2001 8:55:57 PM
From: baystock  Read Replies (1) | Respond to of 436258
 
Thanks for your reply. It looks like TVX is not as cheap as it first looks to be, once the potential share dilution is factored in. I believe the cash cost for producing gold from Olympias is so low because of credits from the other metals. Also I think the total cost of production, which would include amortizing the $200+ million capital expense, is a more useful measure of their cost structure.