Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: Wayne Campbell who wrote (51887)	11/1/2007 11:55:38 AM
From: E. Charters	Read Replies (2) of 78424

Well they are going strong largely because it is a new showing, and is very like the ones found in the 1930's. So far it is not a mine, but they have lots of strike to drill at. Greater probability of a mine than NOT, but they need do do a lot more probing. They have the luxury of being able to step out more and the misses don't mean as much. Probably they can find 1,000,000 tons of rampable ore easily. (3300 X 8 feet wide, X 800 feet deep. 60% hit rate.) Or about equal to what Kingfisher has in two deposits right now. (ah! Shameless plugs, gotta love 'em!) Drilling will cost them 4.5 million. Ramp and development will cost them 10.6 million. Mill will cost them 10 million. 25 million or more. Ore would be worth 225 million. Fair ratio. We can get there for about 10 million. Premier could get there with the same for about the same money as us. Don't know if that is their intent. One more mill might have to be built, but we could share it with Premier as our deposit is contiguous. On the other hand the three companies could build one mill centrally. It would have to work at about 2500 tons per day. That would cost 26 million to build. Other than that I hear nothing, see nothing, tell nothing. EC<:-}

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