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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: WillP who wrote (225)	2/7/2002 11:16:45 AM
From: jpthoma1	Read Replies (2) \| Respond to of 613

Hi Will, I have not a clue. It's still a very hypothetical question, as I'm not at all sure that it will need to be answered. Without CAPEX, it's impossible to evaluate cost of mining. VAUGHN suggested that doubling the Ekati rate of mining is possible, but at what cost? Doubling CAPEX? According to me, it's impossible to find cost per ton, if you don't have CAPEX. It might be a worthwhile exercise to compare Nanisivik's costs with a more southerly, similar operation. I am surprized that Valuepro has not already told you that comparing apple and oranges is «stupid» as he told me when I compared Torngat to Raglan!!!!! Why not compare with a South African mine, as he strongly suggested to me. ;o) Again, you're way ahead of yourself You are absolutaly right. As everybody else is here. Anybody trying to speculate on the cost of mining and the profitability of mining at Jackson Inlet without evaluating CAPEX, cost of financing, and return on capital is just speculating (I would even say dreaming!). ;o)) Let's wait for the sample results, first? Your best quotation Will. JP