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Strategies & Market Trends : Ride the Tiger with CD

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From: David	11/29/2004 10:35:25 PM
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Hello to the thread. Used to lurk here, now I can post. Was wondering if any of you have any thoughts on APM, bought it last Xmas and rode out the bowl and after todays move I am finally out of the red on it. Their gold play in Brazil seems back on track after it got seriously derailed last Xmas and although it seems like a good play in itself the reason I bought it was for their silver property in Mexico. Some points of thought on it: - 150Moz Ag inferred (not to current standards) and they want to drill downdip and demonstrate an extension doubling it to 300Moz. There is a technical report on Sedar. - its on a hill with a river at the bottom so I suspect 300Moz would be the max they can prove up. Obviously it won't be open pit, they say they can produce it with multiple adits but I wonder what king of production rate they could achieve. - power line already goes through the property, they are adding roads now. - they have encountered drilling problems in the past but I don't know if that was poor planning, bad execution or bad luck - they resolved the lien issue this summer and are currently getting work permits - partnered with another penny stock (SDR) 50/50 and have the option to increase their interest to 70% on commencement of production Any and all opinions on this would be appreciated, especially if anybody can take a stab at what kind of mining rate could be achieved. In the spring I basically kept got rid of everything but kept a couple stocks of each metal and have been playing oil & gas since then and this one has been a question mark for me the whole time. KD

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