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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (2480)	3/17/2002 12:08:40 AM
From: tyc:>	Read Replies (2) \| Respond to of 39344

US$1,000 invested in Northgate at todays price affords 2.8 ounces of expected 2002 production. Can you find any other producer that comes close to that leverage? With by product copper @ US$.70c, cash costs are expected to be $176 per ounce. Exploration budget is $4,000,000 this year with the expectation that extensive drilling on the Kemess North deposit will allow feasibility study next year that will add 5,000,000 ounces to the current 3,000,000 ounce reserves. I would be most grateful if you could point out a fallacy in these figures, which I don't find boring at all. In fact, I would be grateful if you would challenge any of my words, other than the Hohoho, for which I apologise.