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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.90

+4.2%

Dec 9 4:00 PM EST

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To: E. Charters who wrote (82359)	2/20/2002 5:36:17 AM
From: IngotWeTrust	Read Replies (2) of 116804

Eric, you spoke of gravity and flotation being the "way to go" down in Mexico...are you specifically speaking of the type of deposit BAY's counting on down there to make them all rich?? It's a pretty typical sounding sulfide/silver deposit. Would you believe they are also touting it as a "silver/gold" deposit, and yet I have seen NO gold figures, nor did I see you use any "gold credits" type figuring in your Mexican mine start up reponse just now... And in the more modern flotation tanks, which Xanthate works best down there in A/D's deposit? Is it available "locally"or must that also come into the country the "expensive, over the border route" in quantities from north of the border and from greedy gringos? I'm willing to bet "US suppliers" have their own "graft layers" to contend with as well. Have you taken a look at pre-feas on BAY's Mexico silver? Want to hazard any "real world/back of the napkin" calcs for capital costs of 3/4 of $45 million they are planning on raising through Deutschebank et al? You mentioned either the $$ have to be cheap or the cost of financing has to be cheap. Sorry, Eric, but I don't see ANY of those "erring on the cheap side" in this current climate of starting a new mine south of the border. What am I missing? And before anyone accuses this of being off topic, I would remind the rabid the silver is the "poor man's gold" when it comes to speculation... and customarily most GPM goldbugs on here have their closet stash of cheaper silver...just in case Hunt or Gates or Buffet or ---whoever the latest boogeyman is---decides to try it again<grin> NOT Me, tho', as Silver is a nuisance metal in the gold recycling biz...yield in ounces running anywhere from 4 to 10 times the gold ounces' haul depending upon the batch being recycled at my UNDER $20 cost per Au oz. looking forward to your reply You mentioned

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