Houston Lake Mining [HLM-ASE] Message Board

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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE]

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To: Elizabeth Andrews who wrote (351)	10/11/2000 8:19:52 PM
From: JUNIORSPECULATOR	Read Replies (1) of 364

Hello : Took this message off StockHouse from the HLM thread: Not sure what to make of it. Like you I am cautious and not too overly optimistic but encouraged: Good Dayyyyy Ronald My previous post was ultra conservative-did some math on current data[NR's]-the mineralized host-gabbro/breccia unit is +/- 8900ft. long -say 8000ft. x 70ft. wide x 1000ft. deep = 560 million cu. ft.; then 10 cu. ft. = 1 ton; therefore potential for 56 million tons. Based on the extremely significant intersections to date[a lot more drilling needs to be done] the projected grades in Pd,Pt, Au, Ni, and Cu are +/- $50.00 per ton! The above based on tracing the mineralization by geology, geophysics and drilling. So, costs for mining and milling are +/- $20.00/ton -net profit is $30.00/ton x 56 million tons =1.68 billion dollars. If we take just 10% of this figure, it's still $168 million net for HLM-divided by shares outstanding= $14.00 per share! Remember, these are the most significant numbers to come out of the area play on PD to date-It's only a few km from the Lac des Isles mine and mill.A lot more to come-out of time- read the past NR's- do the calculations-this is for real! Ronald (Macker the Hacker :-))

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