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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (8322)1/20/1998 10:44:00 AM
From: Henry Volquardsen  Respond to of 20681
 
To all:

A little info for our valuation debates. Cambior Inc just announced that it is acquiring the remaining 50% of the Doyon mine from Barrick. The purchase price equaled $63.80 per ounce for proven P3 reserves. I believe this is a more standard ore so it has lower processing costs but more importantly the cost per production is estimated at $200 oer ounce.

Henry