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

To: Wayne who wrote (300)	12/9/1998 8:39:00 AM
From: Chuck Delo	Respond to of 405

Well, the gold and silver (and PGM'S) definitely seem there. So the next step, and IMHO the biggest step, is to determine the extraction costs. That will be the maker or breaker for us. With the gold prices low, the extraction costs will have to be low also. But so far things look good. Best of luck to all, Chuck

To: Wayne who wrote (300)	12/9/1998 8:54:00 PM
From: Semyon Kuretsky	Read Replies (1) \| Respond to of 405

With all my respect, what makes you to believe that the recovery cost should be high? I think it should not...in fact it should be very low, given the fact that the water table is below 500 ft in this area and IGCO does not have to deal with this problem. And this is big bonus toward cost reduction... Another fact in favor of low cost recovery is unusual homogeneous core structure which will insure less work to mine gold and silver.. It should be not more than $140 / OZ and could be much better We shall see.... Happy investing!