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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (29051)	12/6/1997 8:53:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 35569

knight: The $1 per ton mining cost quoted is what IPM has suggested it will cost to move the dirt only. I don't think anybody has a clue about what the ultimate extraction costs are. IPM said in the spring they would be low, but that statement related to a process that is now known to be "non-commercial." I doubt whether your $100 per ton is too acurate either, because at today's gold prices, if it cost $100/ton to extract AU, you would need .35 opt just to eke out a profit.