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Gold/Mining/Energy : The Metals Thread

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To: LoneClone who wrote (43)	3/15/2007 11:04:15 AM
From: HotnSpicy	Read Replies (1) of 252

TAM is NOT "primarily lead". R-190 is 1MM tonnes of 12.1% zn/6.2% lead, or nearly ~1 oz per tonne gold equivalent. If that were a gold mine, it would be considered "bonanza" grade. In fact, R-190 is better as it will be mined using mechanized bulk tonnage methods unlike most underground vein style bonanza grade Au mines... R-190 is just one of 35 deposits containing 71MM tonnes. Soon to be released feasibility will knock people's socks off. They could hedge their entire production at R-190 and still throw off over $3/sh in cash flow after paying off their debt to build the mine. Pretty astonishing for a company selling at ~$0.50 today. The only thing is that Feasibility has yet to be announced, so 99% of the people don't see a reason to buy. But they soon will.

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