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To: Joan Osland Graffius who wrote (209695)	12/15/2002 6:35:36 PM
From: Tommaso	Respond to of 436258

Well, I have owned a bunch of gold companies over the years, and for years, and have studied technical accounts of mining in the reports pretty carefully. Heap leaching has been around a long time but the size and economies of earthmoving machinery and crushing machinery makes this a lot more efficient that the old cyanide vat method that they were still using when I visited the old Homestake mine. You do notice that I am hoping gold will go higher than $500. I consider this to be a bullish view. But gold does not go away whereas oil and gas are continually used up.