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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: Tomato who wrote (1466)10/25/1998 1:35:00 PM
From: teevee  Read Replies (1) | Respond to of 2251
 
Hi,
The number used allowed a 20% dilution factor. IMO, it is simply being cautious. The people who did the scoping study also likely inflated capital and operating costs as well. Scoping studies simply provide economic parameters which may guide further exploration among other factors. I would like to think that as the tonnage and potential tonnage "officially" expand, we will see scoping study data at 3000-6000 tonnes per day. By the way, with 2.5 meter average thickness and solid country rock, dilution should be minimal. I hope this puts to rest your nagging question.
regards,



To: Tomato who wrote (1466)10/25/1998 8:05:00 PM
From: whiskeyjack  Respond to of 2251
 
Hi tomato; Other than mrdi being conservative with their
parameters I would think they are anticipating a lower
exchange rate when this puppy starts producing in 2/3/4
years. I think a 55% premium on $343 US ($533 ca) isn't
realistic down the road where as $400 ca at about 20%
exchange will hopefully be the case. Better to budget low
and make SH value increase with any added gravy instead of
disappointment.


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