Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (988)	4/12/1998 10:27:00 PM
From: murray	Read Replies (1) \| Respond to of 1326

From what I understand mining costs on average in 1997 was $266 per ounce and on a downtrend. They closed one of their mines in Australia due to cost of production was in the vicinity of $310 per ounce. They mined 250,000 ounces of gold last year. They hope, as the price of gold invariably recovers, to increase production to 500,000 ounces per year. At the present time, known reserves can produce gold at least another 10 to 15 years, perhaps longer, but I defer to other knowledgeable investors on this thread for a more accurate response. They also have a top team of mining experts that sell their services on a consulting basis. Not only is this another avenue to raise revenues,but it gives one confidence that they have the aptitude to streamline their own mining costs and enhance profitability.