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

To: Semyon Kuretsky who wrote (302)	12/10/1998 5:05:00 PM
From: Wayne	Read Replies (1) \| Respond to of 405

>> With all my respect, what makes you to believe that the recovery cost should be high?<< I expect the cost to be high as I am acquainted with the material. It is quite refractory and doesn't respond well to routine cyanide treatment. If I recall correctly, it has been reported to be in the order of 30%. If the grade is high enough that may be enough to allow an operation to go forward, but unless those results can be improved substantially the assay results being reported are misleading relative to recoverable values. I do anticipate that the problem is solvable, but it could be a mistake to rely on the assay results as the reason to invest before those questions are answered.