Latitude Minerals LTU.V Message Board

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Gold/Mining/Energy : Latitude Minerals LTU.V

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To: Clifford A. Brown who wrote (292)	10/7/1999 9:01:00 AM
From: Rockhound	Read Replies (1) of 366

Clifford, I like the scenario going here. Right now Pan is a low-grade disseminated deposit in Nevada just sitting there because it hasn't reached the size where economies of scale will make it work. The middle Pan area they will drill is new, never been drilled in the past because the land was tied up. This could make the deposit much bigger. Drilling for the higher grade feeder zones will up the overall grade and maybe provide some good high grade zones to start on and hasten payback. The J.V. with N.A. Degerstrom is a big plus. If you remember, N.A.D. did the contract development and mining/processing for those super low-grade mines of Pegasus. They know how to optimize production costs and are proven, established operators. If gold prices stabilize above $300 and this first round of drilling demonstrates that resources and grade can be increased, the stage is set to fast-track this thing to production. I see a lot of upside potential from current price levels with little downside risk, that's why I'm buying. I'm not really trying to hype this - I just like the overall picture and the timing.

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