Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elizabeth Andrews who wrote (2545)	3/19/2002 10:27:11 AM
From: tyc:>	Respond to of 39344

>>>I don't know where you got your estimate of 295,000 oz of gold for 2002 Thanks Elizabeth. I will study those figures carefully. What follows is from a PM I sent you. It shows quite impressive progress don't you think ? And it explains my reluctance to base my assessment on the figures of the past. The chart on page 6 of this link; northgateexploration.ca. shows the following progress; .............Cash costs...........Ounces produced 2000.......... $248 ............... 226,000 2001...........$205 ............... 275,000 2002E..........$176 ............... 295,000 Looking back to last year may not be the best way to assess what results might be this year By the way, you mentioned that the best leverage in your estimation is in the marginal resources that will become reserves because of increased gold prices. Does the 5,000,000 oz Kemess North deposit fit the bill, particularly when infrastructure is already extant ?