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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (2904)	11/7/1997 7:31:00 AM
From: long-gone	Respond to of 116815

goldsnow, Is G. Soros(anyone) smart/good enough to make money in Russia? rh

To: goldsnow who wrote (2904)	11/9/1997 3:50:00 PM
From: Bob Tate	Read Replies (2) \| Respond to of 116815

"I wouldn't invest in Russian gold even with your money. Oil situation with hit and run approach may be different (it is hard to steel from a pipeline)" Post 2901 Goldsnow, I tend to disagree with you statement above. I'm well familiar with most gold producing projects in former Soviet Union which are joint ventures with local companies and governments. To name a few: Kubaka in Russian Far east producing gold for Cyprus Gold at the cost of $160 PER oz at 15 g. per ton (0.5 oz/ton)open pit mining. Kumtor project in Kyrgyztan producing 400000oz and 30% owned by Cameco that spent $400m on it. Deposit reserves about 600 tons of gold , open pit mining. Nelson gold in Tadzykistan. These operations are no different from other mines run around the world by above companies. You can inform yourself by researching this subject on Net or reading mining publications. For many reasons, on the territory of former Soviet Union there is largest concentration of identified , explored and ready for production gold, silver, polymetal properties in the world. Mining companies contemplating investment opportunities in gold mining there are only interested in 1 mil/oz and up size deposits. Probably not official yet Barick Gold finalising agreement to develop Suchoi-Log (Siberia) with proven 30 mil /oz of gold. Almost every single major mining company is presently involved in various parts of this country. Give me example where in the world you have such opportunities ?? I'm involved with several private companies developing small high grade gold deposits. We did not have to look for them, they have been identified and explored by soviet geologist. All we had to do is choose preferred tonnage, grades, accessibility and sucessfuly close JV deal.