SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canuc Resources Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Johnston who wrote (151)8/5/1997 7:47:00 PM
From: Winzer   of 176
 
I have been venting my concern about the size of the property for a while now; but wonder how much gold this cherry picking could have cleaned up.

Say that with maximum extraction 50% of the ore tonnes have been mined, this leaves the remaining 50% in the pillars; and since backfilling the mined stopes is out of the question under primitive methods; with the effective use of Ground Penetrating Radar (GPR) such as used by the Victor Cressen Mine in Colorado, the mining of the "pillars" by open pit; with NFM and Placer as JV partners, should not be too difficult. Even if you discount the remaining 50% left in the pillars to 40%, there may be something there. I guess that we'll have to wait and see what sort of announcements are forthcoming wrt tonnes and grade and copper credits are left behind.

However we can speculate and try to be as optimistic as we want/wish for Canuc's success, if the price of gold does not soon improve, we would all be in deep trouble. The POG took another hit today (down to 320?). When is the big correction going to show up and drive the bulls in to the "safe haven that is gold"? What is the downside at this point? Canuc appears to be out performing this dismal gold market (at least in my portfolio that is).

Winzer
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News