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Strategies & Market Trends : Ride the Tiger with CD

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To: rubbersoul who wrote (63287)10/16/2006 6:09:02 PM
From: zoo york  Read Replies (1) of 312809
 
Hi John!

I think IPT came out with much better results lately than GPR yet GPR gets a lift and IPT sold off after the news. My guess is that people have not figured out how narrow the vein intercepts were from that sampling program, and if you are going to report grades across just a couple of feet, then you better be finding more than a Kg of silver per ton or it is just putting lipstick on the pig. High grade narrow viens can be economic to mine, but it takes highly competant management to pull it off. Both companies still have to prove they are capable of doing it right, but at least IPT has a quarter of profitable operations under their belt, and Fred Davidson has direct experience managing a narrow vein project in the past. GPR seems to be priced to perfection, and if they stub their toes getting that one cranked up, it will take a severe hit in the market, IMVHO.

cheers!

COACH247
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