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Gold/Mining/Energy : A "A" list of JR gold mining companies -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (32)	9/14/1998 11:20:00 AM
From: Claude Cormier	Respond to of 169

<<Do you know why they used the figure of $330?>> Well that is the price you need nowadays to bring up a low cost mine into production. Production costs will be low at Cerro San Pedro, but add in non-cash costs and admin costs and the picture is not as rosy with gold below $300. Very few mines will be brought up at current gold prices.. You need a cash costs below $125 and if possible below $100 to spend the capital and get a healthy return with gold at $290. These very low cost deposits are extremely rare. But if gold rise to $350 or $400, there Metallica and others provide you with great leverage. CC