GEOMAQUE Message Board - Msg: 15479907

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Gold/Mining/Energy : GEOMAQUE

GEO 14.93

+0.6%

Nov 12 4:00 PM EST

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To: TrueScouse who wrote (216)	3/10/2001 9:37:24 AM
From: russwinter	Read Replies (1) of 260

I agree with your analysis, and picked up my first shares Friday. I had been skeptical about GEO's ability to bring a new project on and also get rid of high cost production at San Francisco. Well, they've sold me on their management skills. Marathon seems like the big value added component. To me it looks like considerable expansion (drill hole map shows 200 meters to the west of the defined zone)of the tonnage is underway. Claude is not overly impressed with the grade, and he certainly has an eye for such things. But, even at $500 average price (and palladium is 800 now), the abundant (very good intervals for PGE's) slightly under one gram material is $14 rock. I really don't see PGE's going to $300 (back over $1,000 is more likely). The copper grades ($5 to 7 rock) are also high enough to really enhance Marathon even more. Perhaps I don't have a good grasp of the costs of open pit mining this mineral potpourri, but this looks like an excellent project to me. Can anybody explain what the holdup is? Do PGE's tend to have poor recoveries, or exceptionally high processing costs? Why is the threshold so high? It sure looks like the various PGE exploration projects are being subjected to an incredibly high standard? After all this stuff is TRULY SCARCE.

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