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Re: liketotravel post# 6180

Thursday, 07/13/2006 10:48:18 PM

Thursday, July 13, 2006 10:48:18 PM

Post# of 78703
Cost of production and operations is estimated at $75-100 per ounce for placer operations. There is also a plan to sell existing gravel on the property, which is estimated at $3-8 million dollars based on information from the lessor. There is a potential market for gravel in local construction areas and would lower cost of operations significantly by selling the gravel on the placer gold project