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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play -- Ignore unavailable to you. Want to Upgrade?

To: Achilles who wrote (350)	4/16/1998 1:13:00 PM
From: Tim Hall	Read Replies (1) \| Respond to of 653

Claude, Last time I checked, end of March, lead was at 48 cents per pound. Tim Hall

To: Achilles who wrote (350)	4/16/1998 8:53:00 PM
From: Dan P	Read Replies (1) \| Respond to of 653

Claude: As mentioned by another Claude, the price of lead is .26 per lb. These prices are also quoted in the Northern Miner weekly newspaper. If you figure out the gross value of the ore with 3% lead, then you get 2200 x .03 = 66 lbs of lead per ton. at .26 per lb., that gives us about $18/ton. Now the actual amount will be less because they will be shipping to a smelter, which will take its cut off the gross value. Still, that provides a nice cushion for the cost of mining the ore. Regards Dan