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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (3200)	10/2/2002 7:09:08 PM
From: E. Charters	Read Replies (1) \| Respond to of 8273

They have 107,402,000 tons. Their grade is .052 ounces per ton. Their total ounces in the ground are .052 X 107,402,000 which is 5,600,000 and their metallurgical recovery of those ounces is at a rate of 66% of the contained gold. This low recovery is because they do heap leaching. They have 100% ownership of the deposit. The 66% refers to the amount of gold they get out of the ore, not how much they have mined already. They still have all the referred to gold in the ground as a reserve. EC<:-}