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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: Pete Mimmack who wrote (1029)	11/17/1998 3:51:00 PM
From: bill	Read Replies (1) \| Respond to of 2514

Does anyone have experience with gold mines in Canada? What is the difference in grams per ton between a profitable open pit gold mine and an underground mine? If someone knows those figures, we'd have an idea of the relationship between the two. When I lived in northern Manitoba, I know that there was mineralization in places but the area was never mined because the company knew the cut off point between making and losing money. Even when they had a mine, there was a cut off point. The same is true for open pit. The thing about diamond mines such as DMM is that they are incredibly rich compared to gold mines. If there was a gold mine in Canada producing the same dollars per ton the stock would be sky high.

To: Pete Mimmack who wrote (1029)	11/17/1998 4:02:00 PM
From: JP	Respond to of 2514

Overburden means absolutely nothing unless it is overtop of something you want -and the amount of effort you put into removing the overburden is proportional to the value of what is underneath. Until you know the value of what is underneath -hypothisizing is all a load of crap. If it was not practical you would not have ACA or Kennecott drilling holes when the overburden is known to be greater than whatever. The only reason that MMU makes a big deal of it is because it is one of the few things that they can promote on. I notice that Mr. Boulay is now saying that he has kimberlite -nobody doubts that- unfortunately we are looking for 'pipes made of kimberlite' -once again MMU uses technical writing to twist reality. There is kimberlite all over the Western Provinces having been dropped by glaciers at different stages. Kennecott at Hinton found diamonds -but that didn't make the source easy to find. JP