Western Copper Holdings Ltd. T.WTC Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Feline who wrote (103)	1/1/1998 3:57:00 PM
From: Au Contraire	Read Replies (1) of 401

Good Luck to all in the new year. I find it strange that all the foo fer awe on WTC is based on assays from only one hole so I took a good look at it. They gave us a long intersection with a high grade part in it so I looked up current metal prices and the U.S./Can. exchange rate and this is what they told us. They have 93.17 feet of rock that grades $128.49 C per ton within the intercept of 574.8 feet that grades $48.11 C per ton. This means that the 481.63 feet of lower grade surrounding the high grade comes in at $32.56 C per ton. Now if we double dilute these numbers for mining dilution of 5% and milling losses of 10% they come out to $109.85, $41.13, and most importantly $27.83 all in Can.$ per ton. The last one is probably close to what the operating costs are going to be for something that starts 679 feet below surface. You might not even mine it..so for them to crow about this tremendous intercept let's get real. Anything that grades only $32.56 per ton is certainly not massive copper or zinc sulphides. More likely worthless pyrite. So far this one looks like a low/medium grade zinc/copper underground prospect of unknown viability. And remember that WTC can get diluted down to 28 % in the terms of their JV with Teck and the Mexicans. Let's hope the next assays are better. Au Contraire. intergate.bc.ca

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next