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To: Don Lloyd who wrote (93546)4/12/2001 5:08:01 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
Don, thanks, i've seen the realease already. and of course it's Olympias this is all about...the Stratoni operation is fine, but Olympias is the really important one.
it has extremely favorable economics...i quote, from a release regarding the feasibility study:

<<The 1999 revised bankable feasibility study estimated that, upon commencement of commercial production, the Olympias project would produce 254,000 ounces of gold along with 2.3 million ounces of silver, 21,500 tonnes of zinc and 22,500 tonnes of lead annually over the first five years of production. Cash costs, net of byproduct credits, were estimated to be $91 per ounce over the period, improving to $87 per ounce over the projected +18-year life of the mine.>>

it can easily be seen when one compares this to the remainder of their operations that this is in fact the crown jewel....