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The Company has three main projects: a PGE project in Montana's Stillwater District; a copper project in California's historic Moonlight Copper Mining District; and a nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut.

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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Cost per pound/lbs. ?

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Re: Cost per pound/lbs. ?

in response to Cost per pound/lbs. ? by ABS

posted on Nov 25, 08 05:34AM

Dear shareholder,

Thank you for your inquiry. We include, for your reference, an excerpt from our March 20, 2008 press release.

“The study’s base case operating cost per tonne processed and per pound of nickel recovered were calculated assuming copper and cobalt as by-product credits against operating costs resulting in an estimated operating cost of CDN$82 per tonne processed and CDN$3.38 per pound of nickel recovered.”

You will understand, of course, that this Scoping Study was based on market pricing at that time, and our best estimate of costs at that time. In our October 30, 2008 press release, we provided some updates using October market prices. When you refer to manufacturing costs, I believe you are referencing our estimated operating cost of $3.38 per pound of nickel.

Regards,

AGORACOM Investor Relations

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