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

To: Elizabeth Andrews who wrote (6320)	12/24/2002 9:30:27 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

WHat do you mean by "gravity table". Never heard or read about this in either CBD or El Sauzal.

To: Elizabeth Andrews who wrote (6320)	12/24/2002 11:41:47 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

OK, I see what you mean now. CBD plans to recover 40% or so of the gold using leaching of flotation materials and 60% by gravity. You are saying that the former is much more expensive (higher capex you mean, thus much lower IRR). I've believed for a long time that CBD deposit was marginal at $300-$325 because of the high Capex and thus sub 20% IRR. That its why Meadowbank millions ounces are highly leveraged to gold. But the deposit is no longer marginal at $350-400. In that sense the risk in CBD is related to the price of gold, not to the deposit itself.