PHELPS DODGE MINING COMPANY
HIDALGO SMELTER
DANE MINING AND EXPLORATION
SUMMARY WORKSHEET
LOT # 3001 - FINAL

METALS WEEK FEBRUARY 17, 1995

Copper  (cents/lb)           1.379660
Silver  ($/oz.)              $4.73800                                                   PAGE 1
Gold    ($/oz.)              $376.420

                 Gross      Deduction        NET     Payable    Rate         Amount
            --------------------------------------------------------------------------

Copper          2,301.54     5,003.30         0.00       0.00   1.22966          0.00
Silver          3,422.26       342.23     3,080.03   2,926.03   4.73800     13,863.53
Gold              17.512       10.007        7.505      7.130   376.420      2,683.87
                                                                           -----------
                                                                                        16,547.40
Copper  (cents/lb)           0.000000
Silver  ($/oz.)              $0.00000
Gold    ($/oz.)                $0.000

                 Gross      Deduction        NET     Payable    Rate         Amount
            --------------------------------------------------------------------------

Copper              0.00        0.00          0.00       0.00         0          0.00
Silver              0.00        0.00          0.00       0.00   0.00000          0.00
Gold               0.000       0.000         0.000      0.000     0.000          0.00
                                                                           -----------
                                                                                             0.00

PENALTIES:                  Contract      Actual                Penalty      Penalty
                             Limit                               Basis       Applied
            --------------------------------------------------------------------------
        Iron                     6.0%        4.200%                 O.00%       $0.00
        Lime                     3.0%        1.100%                 0.00%        0.00
        Alumina                  6.0%        8.100%                -2.10%    1,050.69
        Zinc                     0.3%        0.000%                 0.00%        0.00
        Lead                     0.3%        0.000%                 0.00%        0.00
        Arsenic                  0.3%        0.000%                 0.00%        0.00
        Antimony                             0.000%    
        Cadmium                              0.000%    
        & Bismuth                            0.000%    
           total                 0.2%        0.000%                0.000%        0.00
        Chlorine                0.05%        0.000%                0.000%        0.00
        Flourine                0.05%        0.000%               0.0000%        0.00
        Silica                 75.00%        74.90%                 0.10%       50.03
                                                                           -----------
                                                              Less Penalties            (1,100.72)
                                                              Less Assay Charges             0.00
                                                                                     -------------
                                        TOTAL                 LOT # 3001 - FINAL       $15,446.68
                                                                                     =============
Exhibit 3A - Phelps Dodge assay worksheet for above.

Note: This text was OCR'ed from a scanned-in document for better legibility.
 

Links: