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Gold/Mining/Energy : Exall Resources/Glimmer Resources -- Ignore unavailable to you. Want to Upgrade?

To: James N. Wilson who wrote (768)	1/5/1999 2:40:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 1319

I think that what may militate against an open pit is the size of the lenses and their geometry, I don't know.. some of the ore is quite wide and rich.. other parts are narrow.. I am fairly certain that bulk mining methods would help even in the small stopes if they went to downsized equipment that allowed them to reduce overbreakage. Alternatively another mining method could be used entirely to avoid this. It would seem to me that cash flow should have been closer to 2 million dollars after all expenses based on Glimmer's percentage.. I would think they should clear about 3 million a year with the ounces coming out so far.. perhaps that is why they are complaining... EC<:-}