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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: onepath who wrote (15892)7/11/2006 11:12:35 PM
From: 4C  Read Replies (2) of 78418
 
were I do disagree is in that you feel they do not have anywhere near what they claim is there.The results so far are the results

That is not what I meant onepath, I do believe what they say is there. The question is how much of it can they take out. This land has had quite a history, has changed hands several times, and there are rumors (worth zip I guess) that the ground is too soft for a traditional mine.

The company itself has acknowledged they are after more deposits that are closer to surface in order to open pit, so maybe in a way they are confirming the rumor. IMHO,

1-If all the zinc could be easily mined, the land would not have changed hands so many times.

2-If it could be mined why wouldn't they build one right away to take advantage of high Zinc prices. Why take 8 drills and 10 million dollars hoping to find more close to the surface.

3-Finally, if the amount of Zinc we are talking about could be easily mined this stock would be at $10 or more, what's it doing at .80 in the middle of a worldwide zinc shortage?

STF
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