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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (7213)	9/11/1998 10:14:00 AM
From: Buckey	Read Replies (1) \| Respond to of 11676

Yep - end of week and billy blow report due out after a weak asian market - Happy to see green - I have gold in London at 293 up almost 3%. OFF TOPIC: everyone talks about production costs per oz in gold in attempting to determine profitability of various operations ( applies to other base metals also) I am just doing some back of the envelope scribbling - HIGHER cost producers will actually benefit much more on a %age basis on the increase in gold prices and conversley get hit much harder when it goes down - Scenario #1 Producer A Cost $120 per ounce Price $280 GP $160 New price $320 GP #$200 a 25% increase Scenario #2 Producerb Cost $220 per ounce Price $280 GP $60 New price $320 GP #$100 a 67% increase Just an observation and food for thought