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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: maxncompany who wrote (44722)7/13/2007 1:48:28 PM
From: loantech  Read Replies (1) of 78414
 
max,
I hear you on both SDS and USA. I am torn as I have lost a lot on drill plays but SNS keeps advancing. Leakage or promo or both?

USA no doubt does have a share overhang but they have the three shafts and two good mills and now one decent additional mill.

USA owns over 5% but not quite 10% of Independence lead silver. I really want to see a merge with USA and Independence. Will it happen? Dunno.

USA is in a bit of a bind for good underground workers but they have an incentive and bonus program and a unique (FOR LC <g>) training program for underground workers.When they get staffed, production rates will really climb. Shaft and tunnel repair going well. LEAD-SILVER mill to start in August.

Rumor has it exploration drilling continues to show great silver and lead values.

USA is a long long term hold for me. If they can proof up 100 mill ounces they will have 15 years production at 6 mill AG ounces per year. Not too shabby. They need to get costs back down to 6 bucks. If so this stock will do well. Maybe 3-5 bucks in a 18 months to two years BWDIK?
Tom
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