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

To: russwinter who wrote (11629)	5/29/2003 1:27:24 PM
From: loantech	Respond to of 39344

Russ, <Vault Revised Preliminary Pit Designs - May 2003 (US$325/oz) -------------------------------------------------------------- Category Tonnes Grade (g/t) Ounces Gold -------------------------------------------------------------- Measured and Indicated 4,100,000 3.59 473,000 -------------------------------------------------------------- Inferred 3,100,000 3.63 362,000 -------------------------------------------------------------- Note: Revised preliminary designs do not include provision for mining dilution and generate a waste to ore strip ratio of 9:1. Mineral resources which are not reserves do not have demonstrated economic viability. A cut-off grade of 1.85 g/t was used. These results compare very favorably to previous preliminary pit designs reported in the preliminary assessment from early 2002: Vault Preliminary Pit Designs - January 2002 (US$325/oz) -------------------------------------------------------------- Category Tonnes Grade (g/t) Ounces Gold -------------------------------------------------------------- Inferred 1,659,000 3.74 138,000 -------------------------------------------------------------- Note: Preliminary pit designs include provisions for anticipated mining dilution and generate a strip ratio of 5.6:1. > I just e mailed Kerry about the strip ratio to see if he thinks it is reasonable. But it looks like improved ounces at the vault pit may enable Cumberland to do a starter pit similar to MNG at Doris hinge. so if so maybe CBD will not need to dilute or borrow as much to get things kicked into gear. Of course that may mean a smaller mill at first that could be added to. Who knows? I think what Kerry is working toward is enough resources to insure a 10 year mine life for bank financing and then adding to that with the drill program this year. Overburden drilling results soon and I know they are looking at a couple of potential new target zones for nice resource increases. In fact they started drilling one last week. So CBD remains one of my long term value play holds. Tom

To: russwinter who wrote (11629)	5/29/2003 2:13:13 PM
From: E. Charters	Respond to of 39344

the only thing that will help Meadowbank is if you get your cobra plugger out of storage and go up there and get the work started yourself. Dynamite is in the shed with the lawn mower. Think of it. They have a few mill ounces.. now with the way they have scaled it, they need only 100 million dollars to start a mine. Should be a snap. Now do you see why I talk small low cost mining to people? The Canadian market cannot fund one diamond mine.. that is sure fire to make a billion or two.. let alone ten or 20 gold mines. She's ded Jim.. Well, not quite.. but consumptive, and puking up great clots of doubt.. I think the problem is everyone thinks we will be working for 1.20 an hour, wearing gunny sacks and living in shacks painted army green soon.. so what is the use in gewgaw mining and the like .. We have lost the romance of the futchah. Onward to the futchah, Jeeves.. and smarm that up paisely with some hookahs and a benz or two.. gotta dream big or not at all.. EC<:-}