Hongguo International Holdings Ltd. USD SHS HGGOF

RE:Stockwatch summary today

[Krishak5]

"...... the limited amount of mineralization available, enough to support a small 800-tonne-per day mine for just four years, cooled Westmin's enthusiasm for the project."

Stockhouse's comment above is somewhat disingenuous on two accounts:

* The average gold price in 1997 was $331/oz, enough to send anyone "packing"?, today it is $1,484/oz as I post.

* Anaconda's mineral resource was more tons, at a higher grade than Westmins, (see my October 16 post: Value of High - based on original NI43-101
 
If Westmin had been able to develop a resource that was more than twice the size, and could have sold the gold at a 400% higher price in 1997 then the Johnson Tract project would not have sat idle, it would already be one of the world's most profitable mines, (c,f. Greens Creek in AK ).