Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: LoneClone who wrote (8386)	3/26/2006 7:41:18 PM
From: Ed Ajootian	Read Replies (1) of 78416

Lone, PGDP -- The biggest question in my mind on them is, how many ounces of silver will it take for them to discover in Mexico for them to have an economic mine? They say that prior drilling there discovered 33 million "silver equivalent" ounces. I assume in saying this they also found some gold there and are converting gold ounces into silver. Is there some sort of industry standard ratio that is used for this, and if so what is it? Since the prior holder of this claim let it go I assume that 33 ounces of silver is (or, at least at the time it was let go, was) not sufficient to have an economic mine. Is that right? If so, what would be a reasonable benchmark to use for them to need to get to to be able to make a real mine out of it. For now let's assume that their exploration guy's hopes are met and the resource identified over there is surface mineable with good grade.

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