Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Claude Cormier who wrote (15135)	7/31/2003 1:03:16 AM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 39344

Why does mining equipment cost less in Mongolia? Why is does the capex for a 50,000 or a 100,000 tpd mine cost less in Mongolia as most of the cost is in manufactured equipment not made with the cheap labor in Mongolia? The engineering is not Mongolian and the construction is not Mongolian? So why is the IRR going to be higher? All you are looking at here folks is a Northgate with a high grade core. The rest of the deposit is not economic, especially in Mongolia. Friedlands baloney can't strike twice in my view.

To: Claude Cormier who wrote (15135)	7/31/2003 5:26:13 AM
From: jimsioi	Read Replies (2) \| Respond to of 39344

Claude, would appreciate you view on .... Ms Andrews' claim re IVANHOE: "All you are looking at here folks is a Northgate with a high grade core. The rest of the deposit is not economic, especially in Mongolia." I don't suspect that's exactly your take but are the reports on grade of the indicated reserves good, average, poor.... Did I read and do you think it correct that the capex expenses are 500 million dollars....? And does it surprise you that no street analysts are covering this issue.....I suspect some firms have been buying heavily recently and are about to release reports to feed to the public along with the shares accumulated, but that's just the cynic in me..... Your comments appreciated.....