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Gold/Mining/Energy : Aurora Platinum Corp, ARP
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To: Elizabeth Andrews who wrote (16)12/21/2000 11:53:24 PM
From: hank2010  Read Replies (1) of 157
 
Elizabeth; Regarding avalon, when I questioned the narrow width you replied
"If Avalon's surface grades hold up on a structure that is less than 1/2 metre thick it will be economic. Its hard to say because I haven't seen the assay sheet but it could be that this small structure could be equivalent to 75 grams of gold or about US$600 per tonne. That should be minable."

Of prime interest to me are the keel targets, but MSK reported on the Pyrrhotite Lake prospect an intersection of 1.9metres of 24.2 g/t pgm (mostly pd) +10% Cu amd 7.86% nickel. That is close to $1200 at to-day's prices. Even with a 5.5% royalty it is still worth more than $1130/tonne. If they are successful, I think it would be undg. although with the size of the targets it could be multiple mines, both undg and open pit. I disagree that it is a lay down.
Hank
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