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Politics : Gold and Silver Stocks and Related Commentary
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To: goldsheet who wrote (1104)12/20/2004 9:11:15 AM
From: ogi  Read Replies (1) of 18308
 
Bob add my Minco MMM to the known silver reserves. They have formed a subsidiary Minco Silver and will place the Fuwan silver deposit into it. This is a Chinese Jv and Minco Silver will be in a JV with Silver Standard for all Silver activity in China. The Fuwan deposit is approx 150 mil ozs Ag at an average grade of 245 gt. My back of the envelope calculation puts it at about U.S.$52.00 rock which I am betting is a profitable number for Chinese mining.

Cheers,
Ogi
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