ECM.VSE - El Callao Mining. Message Board

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Gold/Mining/Energy : ECM.VSE - El Callao Mining.

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To: John Soileau who wrote (975)	10/2/1997 8:29:00 AM
From: virginijus poshkus	of 1253

John, if you look at dan payolan's introduction to the company, theu have a possible 450mm ozs of silver. so far they tested 10% of 10 veins and have 4.5mm ozs plus lead and zinc credits. if you extrapolate this to the 40 veins at least, they have a hell of a lot of silver. 21mm shs fully diluted, costs of $2 per oz of silver, low overhead no debt. just with the 200 tpd mill they can do 2m ozs a day and make 2.5mm per year, that is around 10cents us. but they intend to go to a 1000 tpd later on. so you see the leverage here. ecm does not have leverage and are not in production. management of ecm is tested and clifton management is not , lets see them produce in a week or so and then we can make a judgement. they misssed some target dates already. vargas

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