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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (3704)	2/19/2003 1:49:29 PM
From: goldsheet	of 4051

<The Martha Mine is helping them big time with this low cash cost. But it is a small mine with small reserves. If they can continue to be successful with their exploration program there, they will have won their war.> I know you read the press release, but for the benefit of others: "New reserves discovered on the Martha mine property during the second half of 2002 totaled 4.6 million silver equivalent ounces, averaging 150 ounces of silver equivalent per ton. They were discovered at an exceptionally low cost of $.037 per silver equivalent ounce." "Coeur has also initiated ground reconnaissance on its large land package in Santa Cruz Province surrounding the Martha mine Based on the Company's initial review of these landholdings, Coeur believes there is the potential to discover over fifty million silver equivalent ounces on prospects located on this land package outside the Martha mine property" > This mine is a unique heap leaching silver property very similar to Corner Bay Alamo Dorado Hey, you can not profitably heap leach silver <grin>

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