nice read on a nice day, page-11

After talking with benson and referring to the 30june 08 quarterly from Intrepid ill make a judgement call and say it Looks like Casposo should produce around 50,000 ounces per annum of gold based on 1000 ton throughput per day and recovered grade of 4.6 ounces a ton coming out the back end.
benson said there will be an update on capex and Opex 3rd quarter calendar year 09 for casposo
Looks an interesting project esp the low opex but it doesnt seem to have the blue sky I am looking for.
I prefer higher grade gold mine where the actual margin per ton processed is higher than that of a lower margin polymetallic mine where OPEX is artificially low due to Ag credits.