Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: kidl who wrote (857)	11/23/1998 9:48:00 PM
From: Elizabeth Andrews	Read Replies (3) of 1707

First, it's small. Second, the ore controls are not understood. Third, there appears to be en echelon faulting within the mineralized zone that makes continuity an issue with consequent high mining costs. Fourth, grade/width is erratic. Fifth, development costs are also high for a small project. Needs a shaft and tradtional head frame, including a lot of underground workings. Pre-mining cost very high. Sixth, the company cannot publish a mineable reserve without a lot more drilling because of 1 to 5. There's no value in the new money spent. I think it's a no go.

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