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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (2362)	3/12/2002 11:42:19 PM
From: marynell	Read Replies (1) of 39344

"Ranking of the three VMSs discovered to date out of 819 in the world: TG-1: 11th TG-3: 14th B-5: 16th." Russ, Farallon has a series of smaller VMS deposits very close together, so in a way we can think of them as one deposit. The resource is now about 30 million tons with Cu,Zn,Pb,Au/Ag at higher grade than Manhattan's deposits, much higher grade in some cases. It is reasonable, based on gravity anomalies, to assume that Farallon will increase this to 50 million tons. Farallon has about 30 million shares at C$0.40/share. They have almost no cash and will face a serious dilution in the near future. Also, the metallury at Campo Morado is tricky, and recoveries are fairly low. Farallon is one of the Hunter-Dickenson companies, so it will get good marketing and promotion. Check out Farallon.

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