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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Valuepro who wrote (36269)11/3/2005 4:46:01 PM
From: E. Charters  Read Replies (1) of 39344
 
On the other hand there very probably IS 300 million dollars worth of tailings on lands Wildcat has an interest in. That is not too hard at 12 million tons and 20 some dollars per ton. You could even expand that significantly if you went polymetallic @ 5 lbs tungsten on 6 million of those tails. So we could say 480 million dollars.

But is it recoverable? And what would it cost in time and money to get X out of it? Other thorny questions. Is it worth it? I would say so, but convincing an accountant to throw long green at it is quite another question.

Then there is Bre-X. Nobody believes squat about claims of value any more. It is caveat effugior these days.

EC<:-}
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