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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: TheSlowLane who wrote (397)9/18/2005 11:00:26 AM
From: jennifersilversun   of 78413
 
I believe Tom had reported earlier that, based on his communications with CGE, they were going to pay for rush lab testing of the sample assay results.

Btw, regarding BCM someone posted this excerpt from something written by David Morgan:

"We are pleased for Bear Creek Mining and delighted to see the market respond to positive drill results. We do think some of the market reaction was based on what we call the Catherine McLeod-Seltzer factor. Because she is on the board of directors of BCM and in light of her fame with Arequipa Resources Ltd., we think the market is looking for another discovery of merit. The drawbacks are the location of the project and the infrastructure. . .

Bear Creek Mining certainly could become a mine at some point, but we think the cut-off grade would be much higher than Western Silver (for example). We are suspicious of cut-off numbers generally, because we think energy costs are going to increase, and the cut-off numbers always assume ore grade consistency with no problems in the future; this is seldom the case."

Evidently other newsletter writers have cautioned that the coranis' high altitude makes it more expensive to develop a mine there.
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