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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (1281)6/6/2001 3:40:26 PM
From: gold$10k  Read Replies (1) | Respond to of 4051
 
CC, I disagree with RR also, but for technical reasons. I see this as simply a retracement back to trendline support... and besides, it's only C$0.11 above it's all time low.

askresearch.com

I bought more than half of those shares @ C$0.71 myself... one of those unexpected bargains for which I like to keep some cash on hand.

vt



To: Claude Cormier who wrote (1281)6/6/2001 3:59:59 PM
From: baystock  Read Replies (1) | Respond to of 4051
 
<Pre-feasibility studies, completed earlier this year on the other Meadowbank deposits, established a 2.5 g/t in-pit economic cut-off grade and projected total cash costs under $US200 per ounce gold with a 2500 ton per day operation. The majority of intersections from the Vault deposit surpass this grade and occur at shallow depths offering potentially low- strip ratio open pit additions. Mr. Kerry Curtis>

CC, At $200 an oz cash costs, these Meadowbank deposits look uneconomic at current gold prices. I would expect the total costs to be much higher, given their location in the Artic.