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Gold/Mining/Energy : IGCO - Intergold Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Robert Page who wrote (33)5/6/1999 11:30:00 PM
From: Semyon Kuretsky  Read Replies (1) | Respond to of 69
 
And here is the news release:

biz.yahoo.com

Looks good!!
4000 ft is 21% of 19,000 ft which presents 500,000,000 ton of ore
0.21 * 500 mm ton = 105 mm ton of ore
our average per ton 0.07 oz..
0.07 * 105mm ton = 7.3 mm oz of gold
IGCO will be drilling around the best holes
And the probability they will put on the books at least this
amount of proven reserve..

indicated resource could be extrapolated from this amount
for the rest of their claims and could be also huge.
with $150 (very conservative) recovery cost this will be a real
winner.

We will see then huge volume and stock will soar..
But now it is just a waiting game. I guess all resource stocks
requre big patience.