Jim, great work up on Zopilote, Here is my kind of Guy.
home.c2i.net
If he would would only tell it like he feels. LOL
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Old figures on Zopilote,
AUGUST 8, 1996
Value of Quest's Honduran Asset Approaches Total Company
Market Cap
RENO, NEVADA--Quest International Resources Corporation and its wholly owned
subsidiary Aurora Exploracion (Honduras) S. de R.L. announced today the
completion of an internal feasibility study on its Zopilote Property in
Honduras. The study concludes that Zopilote contains a minable and
recoverable reserve of approximately 157,000 ounces of gold at an average
grade of .049 ounces of gold per ton. Capital costs to put Zopilote in
production are estimated to be 5 million dollars with cash operating costs
forecasted to be $200 per ounce. This property is expected to result in a
net cash flow from operations over a six year period of 29 million dollars
commencing in calendar 1998. Zopilote is owned 100% by Quest.
During the month of July, two major mining companies conducted a
conservative property evaluation of Quest's Zopilote Project and
confirmed the reserve calculations. Quest is currently preparing
a Request For Proposal (RFP) for a bankable feasibility study
which will be prepared by a reputable outside engineering firm
and pending results will explore options for loan guarantees
which may be available from the World Bank and the International
Monetary Fund.
An application has already been filed for the Environmental
License with the Honduran government which will allow conversion
from an Exploration Permit to an Exploitation Concession.
The Zopilote ore body is still open on one side and has excellent
geologic potential to double or triple in size, according to Don
Gustafson, President Quest International.
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Zopilote Last up date on Reserves in Honduras.
RESOURCES: In-Place Mineralization
Main Resource Area: 4,747,000 tonnes @ 1.64 gpt Au
New Resource Area: 2,246,800 tonnes @ 2.07 gpt Au
Total: 6,993,800 tonnes @ 1.78 gpt Au (400,300 ozs)
Standards ore looks rich . So far, and that doen't even figure the new
anomaly.
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One buy for 4,000 today, bid raised to .19, penny by penny, we are getting it back.
We got killed on 1 for 5, but I figure to make it back at this price.
Went thru same think with DBLE, and now it 3 5/8. Oil depression, NO buyers
All I have to think is what is at Damoti, and it is all worth it.
Someday. |
