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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd.
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To: CLK who wrote (2167)4/19/2000 3:27:00 PM
From: andrew r harwood  Read Replies (1) of 2229
 
all excellent questions most of which i am sure can easily be answered by the company .gold production per the company is starting this week at a cost of 120$ per ounce ,the mill can process 200 tons of material per day immediately to increase to 500 tons per day in august .this company has made many promises in the past which it didnt fulfill on time and promised gold production to begin at least a couple of years ago but they finally seem to be doing it as we speak .the price of the stock is the lowest since i have followed it which is about 4 years the blue sky is the fact that only small parts of the property have been explored i think there is large potenntial to increase the reserves .as i understand it the gold is in ore that than be scooped ff the surface with a bulldozer so producion costs are low . as far as i am aware the political risks on the island in indonesia where tusks mine is are minimal but clearly higher than say cANADA though there are risks everywhere from changes in environmental regulations etc .i cant remember the proportion of silver to gold but i do remember that in some of the original samples there were extremely high silver levels much higher in value terms than the gold values in some samples anyway i plunged in and bought it again figuring it was risky but with a GOOD CHANCE OF A 4-10 BAGGER over the next couple of years especially if the price of gold and silver rise as i expect they will .call the company im sure they will provide you with any additional info .arh
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