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Gold/Mining/Energy : Cardero Resources (CDU.V)

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To: Jim Willie CB who wrote (152)7/22/2003 12:23:30 PM
From: Valuepro  Read Replies (1) of 217
 
Right, but that was one hole, and it was not the 500 gram stuff over 40 meters. It was $25-30 rock overall, although the first 11 meters was 452+ grams. I'm far from an expert in cost analysis, but profit potential on that other 29 meters looks doubtful, especially if there is higher grade along strike. Still, heap leaching, if appropriate, can be cheap.

What say you?
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