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

To: BillyZoom who wrote (30873)	3/5/1998 6:31:00 PM
From: go4it	Read Replies (2) \| Respond to of 35569

I am expecting the current COC samples to be performed on those holes drilled in the first square km grid down to 100'. These would consist of the lower numbers. Average of the previous numbers was 0.046oz/ton down to 100'. That is what I would expect to see.

To: BillyZoom who wrote (30873)	3/5/1998 8:04:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 35569

Robert, I think that the critical point is that at .022 Oz/ton, your cost of extraction has to be less than $6.6 ton to just break even. If indeed this is a complex ore, there might be doubts is such low extraction costs are achievable. As far as I know, the lowest cost cited for large heap leaching operations is around $10/ton. Many gold mines are being closed right now because they are no longer economical. I do not see opening a new mine if these are indeed the final numbers. Zeev