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Re: WhiteSahara post# 2789

Wednesday, 03/01/2006 7:32:11 PM

Wednesday, March 01, 2006 7:32:11 PM

Post# of 115222
I believe I was made aware of this article on this board and it may be what you are referring too: Russian gold mining offers risk and rewards

http://today.reuters.com/business/newsarticle.aspx?type=reutersEdge&storyID=2006-02-15T144728Z_0...

"Russia is a cost-competitive place to mine gold," said Tim McCutcheon, senior analyst at Aton Capital. He said the average cash cost for producing an ounce of gold in Russia was $220, compared with a global average, excluding Russia, of $256.

If you heard from Parkin a cost of around $280 per ounce, that is terrific, and very encouraging. I hope we see an official filing stating so soon.