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

To: Claude Cormier who wrote (6297)	12/24/2002 2:14:37 AM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 39344

Most deposits with gold that reports to a gravity table are in the lowest cost quartile, that is less than US$130 per ounce. Most of these only get 25% of gold from the gravity end. El Sauzal is such a deposit and that fact can overcome the fact that the location of the deposit makes it a challenge to develop due to the lack of tailings areas and the river below. CBD gets 60% (remarkable!) from the gravity table and its cost per ounce is only in the lower third quartile inferring that its other costs are what makes it a marginal producer and the metallurgy makes it. Does that do it for you?