ANNOUNCEMENT: It gives me great pleasure to reveal this day--
The name of my rav fav gold mining play which has more than trebled, and maintained that percentage trebling gain since I started my systematic program of accumulation over the last 18 months.
The reason why I reveal it today is that the 18 day commissioning is DONE, and the first 25# pour of the forthcoming 220,000 per production was ANNOUNCED today.
The project
-- from discovery of strike to letting of contracts and full build out to production--
was conceived as a 12 month project.
THEY BROUGHT IT IN in a mere 9 months...THREE MONTHS ahead of schedule.
It was financed entirely by Rothschilds....NOW THERE'S A GOLDMINE FINANCIER.
It is a total payback within 12 months.
And this gold strike is 31 KILOMETERS LONG...so a piddly 220,000 oz annual projected production is just smokescreen my humble opinion.
It's case costs are $112 per oz.
and the best news of all...full ramp up is slated for completion in 2 weeks. Then the year over year comparisons attributable will start soon, and are NOT fully appreciated by the market...SO there is time for the rest of you to play and make some decent $$ ---if you choose.
This company can stand any scrutiny by any analyst one wishes to bring to this or any other forum.
I hope you all make a decent buck as well.
Here's the front portion of today's stellar press release:
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: LIONORE MINING INTERNATIONAL
TSX SYMBOL: LIM.TO
NOVEMBER 19, 2002 - 12:43 EST
LionOre Announces First Gold Pour From Thunderbox Gold
Project
TORONTO, ONTARIO--
MAJOR NEW AUSTRALIAN GOLD MINE COMPLETED ON SCHEDULE & WITHIN
BUDGET
LionOre Mining International Ltd. is pleased to announce that the
Thunderbox Gold Project in Western Australia's North Eastern
Goldfields officially joined the ranks of Australia's major gold
mines today, after pouring its first gold following an 18 day
commissioning period. This major mile-stone marks the culmination
of a nine month construction and development period.
A total of 11.7 kilograms of gold dore was recovered from the ore
processing circuit in the first pour. The process plant is
currently operating at approximately 85% of its stated capacity
of 2.5 million tonnes per annum, treating oxide ore, with full
scale production anticipated to be reached in two weeks.
The A$65 million Thunderbox Project is scheduled to produce
220,000 ounces of gold during its first year of operations,
treating oxide ore at a cash cost of US$112 per ounce
facilitating a capital payback period of less than one year.
Hey, Gold Student...isn't this a sweet home-run!!! Glad you got some now aren't cha....???? YEEHAW
PS...this is also a base-metal play extraordinaire, AND a Pt play...a nifty 3fer...not many of those out there.
enjoy, gang...including Wayne, Tom and Claude.
gold & platinum _ tutor |
