Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Michael Bidder who wrote (25746)	12/20/2003 2:20:52 PM
From: Elizabeth Andrews	Read Replies (3) of 39344

For what it's worth I haven't sold yet. I'm up about 20 cents/sh on a small position. The results are marginal as metal appears to average close to US$22 rock. It now has to be a lot bigger, not necessarily wider but more strike length for an open pit to be viable. The most important thing right now is to get a clear idea of the silver metallurgy. If the silver recoveries are 60% or so, which is not uncommon, then the grade is not going to work. It is now time to ask the tough questions and put the hyperbole in the closet.

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