Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: average joe who wrote (14978)	2/19/1999 1:10:00 PM
From: Walt	Read Replies (1) \| Respond to of 26850

Joe, You cann't use Ekati as your bench mark, four open pits......... Better talk to Munk of Barrick alot of his mines which make money dont have $2000 ORE. If you are trying to say every mine in Canada or the world cost a half billion to put into production then there are a heck of alot of mines that shouldn't exist. If you are trying to say every mine needs $2000 ore then there are lots of small mines operating at a profit that shouldn't exist either. Sorry Joe those numbers just wont fly. Big mines cost big bucks but smaller mines can also operate at a profit. Give me 50 million and two hundred dollar rock which comes to surface and $400 rock which comes to surface and is 12 feet wide dips at 15 degree and I'll hire the team to mine it at a profit. Sorry your numbers just dont fly. regardds Walt