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Gold/Mining/Energy : Gammon Lake Resources GAM-TSE

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To: 1king who wrote (62)	5/8/2000 11:17:00 PM
From: Elizabeth Andrews	Read Replies (2) of 116

How does the company figure that 100 grams silver is equivalent to 1.9 grams of gold per ton? You have to adjust the values for metallurgical losses and silver has notoriously low recoveries. 60% of the metal values are in silver before recoveries so it's important to know this. The bottle roll tests conducted don't tell us what the material was ground to and other important info. Why not? This is in my view a very sophisticated promotion as all the big names have been rolled out. Plus I've never heard of the type of deal they got with the Mexicans. Where's the title to the property? How many people have owned this property in the last 200 years? Does Gammon Lake have a deal with all the underlying agreements, property owners and the spouses? What is the deal to acquire the 40% they don't own? Is there a royalty as well? Also, I doubt wether any of the assays so far would be of sufficient grade to support (economic) underground mining especially in Mexico. And the zone isn't wide enough to develop enough tonnage for an open pit operation. I wish they would publish the entire text of the Pincock Allen and Holt report so that we can read it. Dartmouth, I think you should get ready to bite it.

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