only 9 million ounces mineable??

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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aitakahashi

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only 9 million ounces mineable??

posted on Aug 07, 2008 09:35PM

first they start with an assumption of 14 million ounces at fdn, and somehow they figure only 9 million ounces will be mineable. i thought the recovery rate would be around 90%. i know i've said it before, but with friends like these, we don't need enemies.

On July 23rd, Kinross announced its intention to take over Aurelian in a friendly transaction that would give the major gold miner control over the Fruta del Norte deposit in Ecuador. "The FFN deposit is a world class 14 Moz (we assume 9 Moz mineable) high grade deposit (we estimate $250/oz cash costs), and it is the most significant new discovery made this cycle in our opinion. "