Chester Millar decided to take on the multimillion ounce Salamandra project in Mexico from Albert Matter's National Gold Corp. The deal was done on the premise that Mr. Millar could profitably mine the million-ounce "sweet spot" at $300 gold. Mr. Millar is probably is fretting that too rapid an ascent in the price of gold will accelerate hefty underlying property payments to Placer Dome and Kennecott
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