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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (4385)11/25/2001 9:18:03 AM
From: Frank Pembleton  Read Replies (1) of 36161
 
I'm not sure if I mentioned it here (on SDII) but last week I received my nice shiny new annual report from Corner Bay Silver and here’s a recap:

Alamo Dorado Silver & Gold Project
- 103moz silver – 372,000 ounces gold
- Open Pit mineable
- Heap leachable

Corner Bay estimates the capex required to get this project into production is $45 million, but because of the purity of the deposit they estimate a payback of just a year-and-a-half. Average cost per ounce is just under $3 with Phase I of the open pit operation coming at an incredible $1.55 per ounce.
cornerbay.com

Also mentioned was the fact that 75% of silver production was a by-product of other metals mining.
silverinstitute.org

Regards
Frank P.
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