Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Step1 who wrote (11679)	5/30/2003 10:47:44 AM
From: E. Charters	Read Replies (1) of 39344

My opinion is they don't have anything mineable there. To mine 3 grams underground you would need loads of the stuff, like 10 million tons to support a mill. If they are talking open pit stuff that is heap leachable they still need lots and lots of tons. I note this stuff is shallow. We don't know what they are looking at metallurgically here, so it is idle speculation. You need about 100,000 ounces for a small near surface rip and heap leach mine. That is 1.7 million tons. At 150 feet deep, and ten feet wide, that is 13,000 feet long. Maybe that is not what they can prove, or are trying to prove, but the announcement itself does not let us know anything regarding their target development. EC<:-}

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