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Gold/Mining/Energy : Delgratia Mining (DELGF)
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To: Randy Giese who wrote (197)4/13/1997 9:00:00 PM
From: Richard Mazzarella   of 532
 
Randy, <<I consider desert sand properties to be the ones that don't fire assay.>> It's not all that simple. There are the class of precious metal ores some people call the desert dirt's. That can be divided into a class of desert sands and a class of playa clays. Maxam is a desert sand and Naxos is a playa clay. Both have shown fire assay for gold. Maxam's fire assay of 0.05 OPT Au really has 0.2+ OPT Au, but the jury is still out if they can realize that higher value. IPM has shown the ability to extract (they say economically) 0.25 OPT Au while they fail to fire assay. Eric said that fire assay is a maximum, but I believe that fire assay is a minimum for desert dirt's. The reason that most of the desert dirt's are <$10 is that the ability to economically extract has not been proven. When that occurs, the stock price will more reflect the assay (extraction assay) value of their holdings.
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