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Gold/Mining/Energy : Anooraq Resources: Platinum and Palladium Project
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To: wayne who wrote (46)2/26/2000 1:31:00 PM
From: Gary Nash   of 73
 
Wayne: I think you should know that Anooraq is drilling in an area well known to have lower grades than the current productive mining location. It will therefore not be surprising to see so-so assays. Their reasoning for drilling in this area is to avoid the high costs of start up to mine the richer areas (if they could get any good ground). So what we have here is a low grade easy access lower cost area. Not a particularly exciting play. Check out the 3 types of geology that Muskox has to drill. Much more potential and no big option payments to make!
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