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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: ogi who wrote (5305)1/25/2006 5:54:13 PM
From: E. Charters  Read Replies (1) of 78414
 
the cost of getting a polymetallic smelter going is high enough in that part of the country that they will have to sell out to penoles cheap. selling con is not often done at low grades. mining the stuff is the province of high priced contractors. they cannot get the miners to do it in house probably. probably cannot even get the power, let alone the water permits. They are five years out and 5 dollars a share out of doing it. it is all doable but not cheap and therefore all not doable either. it makes sense at high metal prices, but only makes market sense if they hit high numbers in drilling, which is a given not predictable beyond what you can usually extrapolate. it needs surprises.
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