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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (90073)	9/26/2002 5:34:38 PM
From: E. Charters	Respond to of 116834

The Aussie appear to be mining stuff full milling that is almost .01 ounces. I don't know the grade of the Kalgoorlie pit, but in ore and waste it is way low. With a near surface deposit that rips, crushes and stacks the capital cost and throughput cost is some cheap. You can mine 0.03 ounce per ton with as little as say 400,000 ounces of total ore. You can probably get going for under 10 million. The Argentina deposits that Barrick has seem to be license to print money if they are heap leaching. Certainly Peirina is purported to be one of the lowest cost per ounce mines in the world. Yanacocha is also cheap. Surprisingly narrow vein high grade ore can be cheap as well. If I had 10 thousand tons of 6.0 ounce ore, my costs would be 65 dollars an ounce to mine and mill, capital cost and all. Hard to believe but that is how it crunches. Now the only thing is to get that much ore of that grade. EC<:-}