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ewallman

01/30/03 3:23 PM

#38 RE: bayview3 #33

Great info on this thread folks! I just slid over from SI where the info on Moydow is slim.

Interesting reading lassonde's comments on the $15/oz cost for resources. That is a dream at $370 + gold. There is going to be some bidding wars once gold breaches $400 and the low cost resources will be high on everyone's "reserve wish lists".

Could I get some clarification about the resources on the main property please. At $270 POG, Moydow has a reserve of 1.2M oz, of which 50% is JV'd to Newmont. Is the 2000 report of the 8M oz potential THIS property only or are they including the other property owned by Newmont nearby? That is, the property that I thought Newmont was including in the production concept.