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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (257)	4/28/1998 3:40:00 PM
From: MWS	Read Replies (1) \| Respond to of 347

The silver grades reported in the MCS study had a range of 130-225 g/t. Looks like the lower end of that range was used for a conservative estimate of the cash flow/ valuation from the project. I haven't read the report so I can't comment on why the projected costs have risen, whether this is a 50% contingency to be conservative, or if there has been real inflation of the costs for this project. I will try to get a look at the report and comment on it then. Note that the news contains info on costs of the project and financing requirements but does not have information on the projected cash flow or NPV. I understand the exchange has not permitted ITC to report these numbers.