SI
SI
discoversearch

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 : Silver prices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: koan who wrote (2256)10/18/1999 5:53:00 PM
From: Claude Cormier   of 8010
 
Koanhead,

Bay has a resource of 77M ounces with 66.5M in the mineable category. However, recent drilling is showing a much higher grade in some critical part of the deposit as well as much wider mineralization. This will not only increase the resource by possibly as much as 50% but also will likely had more to the mineable category. 135M ounces may be too optimistic...we will find out soon. Also the odds of a second discovery in the south zone could also increase this number.

On another issue, no matter what are the reserves, one must always evaluate the its quality. Would you prefer to ownn a 100M ounces deposit with cost near $3/ounce or a similar deposit cost near $1.50/ounce. BAY starter pit is likely to produce silver at lest than $1.50 for the 1st 5 years. That will be a big bonus that will give them a IRR in excesss of 50%.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News