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Gold/Mining/Energy : Tenke Mining Corp (TNK)
TNK 58.93-0.3%Jan 9 9:30 AM EST
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To: Frankly Speaking who wrote (445)3/19/2001 4:19:44 PM
From: russwinter  Read Replies (1) of 486
 
I consider the three holes at Filo del Sol to be a major discovery. They are wide intervals, near surface, and flush. Even at today's depressed metal prices hole 4 has $41/ton rock, 5 has $38, and 20 has 22. But the aspect that is especially mouthwatering are the supergenes: hole 20 has a 18 meter interval practically at surface with 1.89% copper. This confirms a 32 meter interval (deeper at 100-132) at hole 5 with 2.20%.

You just don't see this pop up on three scout holes very often. The fact that they missed on a dozen and half other holes is not important as these were roll the dice drills all over the concession..The second release indicated there was a map, but it is not on the company web site. One area I'm interested in is the Vicuna anomaly towards the southeast. That's a promising spot so I'm wondering if they put a few holes there? Despite a great presentation of the project on the web site, the maps provided of the drill location were very poor quality. I asked the company for a clean one and they didn't deliver. If Vicuna produced duds that would be a mild disappointment to what is otherwise a major discovery. If they start hitting at Vicuna, I think we can really start talking about ten to fifteen bagger potential on this play.

The fact that the stock doesn't trade on this news is meaningless. I was able to go in the morning after Metallica reported great results at El Moro and buy all the 29 cent stock I wanted. It's 60 cents (and still cheap) a week later.
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