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

To: russwinter who wrote (11120)	5/19/2003 12:01:35 PM
From: loantech	Read Replies (1) \| Respond to of 39344

Russ, Well..........you have grasshopper scared here...LOL. In my conversations with Kerry he says they have full intentions of building out a mine using about 50/50 dilution and bank financing. And yes some of the financing may mean a % of production will be hedged. They will have results on up to 400 overburden holes fairly soon. They are advancing drilling at the vault, connector zone, etc. Looking for 10 years production at 250K oz/ year and 10 year mine life at less than 168 cost. So a resource calc soon and will be continually updated this year as they are working on their feasibility study to be finished at the end of this year I believe. Kerry said that they would entertain a takeover offer if it was in the best interest of the shareholders. But overall I think they plan to do the build out themselves. Does this help or is it all that everyone already knows? Tom