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

To: jack hampton who wrote (80)	4/5/1999 11:46:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 99

Listen, I have gold at nothing less than 0.50 ounces. That will stand shrinkage. I can do all sorts of cheaper mining than shrinkage. Bottom slicing, vertical crater, and other long hole means by Jumbos on Alimaks and track. In Ontario shrinkage is up around 125 dollars which makes .25 ounce ore out of the picture. But I can bottom slice on 8 foot ore for about 20 bucks a ton. Makes up for the dilution and saves men and time. As soon as you talk about high volume everyone says that all veins are wiggly and pinch and swell and you will lose your shirt. Nonsense. I used high volume ring drilling in Kerr Addison in 1977 and our costs were 1.50 a ton for all mining, tramming and hositing. That included stope development, bits, dynamite and underground crushing. Bring that to today and you get about 22 bucks a ton. Hemlo. Just another Gold mine. What would Noranda know? There are lots of gold mines. Lots of people know how to lose money mining them. A few know the difference. EC<:-}