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Gold/Mining/Energy : BET YOUR ASSAY - Mining Terms Explained -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (446)	5/26/1998 5:32:00 PM
From: Al Cern	Respond to of 463

thall, Thank you for that info. The mine plant number of $1.5m? Is that the cost of equipment and building for a 900tpd operation. Does it include all the necessary processes to recover the gold? I ask these questions because it seems relatively inexpensive. I saw your posts on the LDMM thread. There sure is one unhappy camper posting there. I personally think that this co. is trading at a higher price than it should be. I spoke with management recently, and they said that the gold was free milling, which answered one question I had about the operation. Sincerely, Al Cern

To: Tim Hall who wrote (446)	6/7/1998 7:48:00 AM
From: Gabe Heti	Read Replies (1) \| Respond to of 463

I am looking at investing in a private company with an African property with proven reserves of 50,000 ounces of alluvial gold. Pits show gold in the top 2 metres grading an average of 0.4 grams per cubic metre. (That's grams, not ounces per cubic metre). There is good road, water and power infrastructure nearby. Is there any way such a low grade of ore can be profitably mined? They are looking at processing 2,000 cubic metres per day. What might the startup costs be and what processing method would be most effective? Thanks, Gabe