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

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To: E. Charters who wrote (25540)	11/15/2006 12:17:19 PM
From: Mr. Aloha	Read Replies (2) of 78409

Well, MMG's Sierra Mojada is over 33 million tons averaging about 8% Zn: Message 22964401 . Of course with a lower cutoff grade they have far more tonnage and lower average grade, but have areas of over 40% Zn: metalin.com (and those drill results aren't even included in their tonnage -- they need to do more drilling to expand their resource). MMG's late into their feasibility study for at least most of that tonnage. Nothing in Canada that I'm aware of is anywhere near the size, grade, and stage of development of Sierra Mojada, especially at such a low market value. There are probably a number of big deposits in the middle of nowhere with no infrastructure, but these may never be proven feasible, let alone in the near future. Maybe global warming will some day force many Americans to move up North and develop lots of infrastructure in Canada, and much higher metals prices will make those deposits economic, but I'm not holding my breath. Even if some of those deposits are feasible, it will take years for them to get to where MMG is with Sierra Mojada.

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