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

To: Semyon Kuretsky who wrote (289)	11/23/1998 3:31:00 PM
From: Chuck Delo	Read Replies (1) \| Respond to of 405

I was led to believe the company is going to prove reserves for the whole test site they are working on right now. It sounds af if they are going to do enough to make this project so attractive to the majors they will have them drooling to come in. One thing to keep in mind is even if they do sell, there will be a long delay while enviornmental issues are looked at. It is my understanding that the process to get permits to actually mine in that state are very rigid and a pain in the **s to get. But things seem to be going in a great direction. Just need the ore values to keep up. I don't think they will be in a hurry to expand the drilling if this whole area shows consistent ore values. As this area alone would keep a mining company busy for decades. As far as the leaching tests, they said they would be contracting that out shortly and I would expect results in early January. Good luck, Chuck

To: Semyon Kuretsky who wrote (289)	12/3/1998 11:58:00 PM
From: Wayne	Read Replies (1) \| Respond to of 405

I suspect that the technical issues will be rather protracted. This ore is not likely to yield to a routine leach process. Its not going to be like the Nevada deposits where you can just stack up loose ore and sprinkle it with cyanide. It also doesn't fire assay easily so reported assay values are actually low. They have a lot of gold to work with, but recovery is still a problem to be solved and will not be simple. I fear that the technical problems will delay things a lot longer than people think is normal and cause problems for the stock price.