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

To: Elizabeth Andrews who wrote (15140)	7/31/2003 10:08:29 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 39344

Eliz, Well that is what Friedland suggest. The cost of labor and material in China & Mongolia is much less than in the US, Australia or anywhere else. Given the fact that the US has lost its manufacturing base to China, Friedland affirmation appears to be right. If you have listened to the BMO presentation he gave numerous practical examples of these varous costs. (cement, steel, manpower, coal....). The difference is staggering.

To: Elizabeth Andrews who wrote (15140)	7/31/2003 10:53:04 AM
From: jpthoma1	Read Replies (5) \| Respond to of 39344

Well, I must admit I agree with you Liz. Building a world class 100,000 tpd operation in Mongolia will cost much more than building it in Nevada. Such a project will be built by a large consortium and not the local «mom and dad chinese construction business». Have you ever ask for the cost of delivering and maintaining gigantic mining equipment (like 20 to 30 two hundred and fifty tonnes trucks)in the middle of Mongolia. Just call Caterpillar, Komatsu or Terex. Friedland should! JP