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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?

To: Robert who wrote (241)	11/4/1998 11:02:00 PM
From: Semyon Kuretsky	Read Replies (3) \| Respond to of 405

Leach Test Results from core Hole# 98c-14 Sample ID Gold ( oz/ton) Silver ( oz/ton) Recovered Recovered 98C-14 (20' to 240') 0.174 0.975 98C-14 (260' to 500') 0.116 0.261 (0.174 + 0.116) / 2 = 0.145 oz/ton of gold (0.957 + 0.261) / 2 = 0.609 oz/ton of silver it will take 7.14 to produce 1 oz of gold during this process 7.14 * 0.609 = 4.34 oz of silver will be recovered. (4.34 * $5 (silver price?) = $21 which will go to the bottom line average recovery rate at Carlin Trend is 0.03 oz/ton it is required 33 ton to get 1 oz of gold IGCO will need only 7.14 tons to get 1 oz Get the picture ?