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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (21012)	5/22/1998 11:18:00 PM
From: BubbaFred	Read Replies (3) \| Respond to of 34592

MINE? The news release sounds like a multi-billion dollar hit .............. of hot air. What is the cost to extract and transport all those gold, plus cost for land reclamation and environmental? Is processing and production cost $200/oz?, $300 ?, $500 ?, $600 ? That's the $64 question. Let's say market price of gold is $350 / oz, and subtract the cost of producing it. What is left? I don't care if they have billion ounce of gold, if the production cost is $600/oz, then I don't see any profit, except if / when the price of gold goes up above production cost. The Company's news release doesn't mention this, and doesn't mention the extractable ounce of gold per ton of rock.