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: loantech who wrote (55566)	1/19/2008 4:02:24 PM
From: jackjc	Read Replies (3) of 78409

As Aloha has responded completely to those questions, I can only add: The new assay lab is to direct the drilling operation without waiting weeks for the official assays, will save time and increase thruput. But these are not independent assays for official release. MMG is one of very few jrs with 4 drills running 2 shifts continuously and with immediate assay info. Cost could be prohibitive and availability uncertain without our own drills, crews, and assay lab. Silver data: The emphasis is on getting the huge database of existing data into the Gemcon software, a time consuming operation which has been 2nd priority to the fease needs. Recently they have added another computer pro to speed this up as reported. To get credit for the silver we need at least 'tons and silver oz/T' type reporting. I personally like to see individual drill results but good holes fade quickly in perception and we need something more substantial. Fease: The Confidentiality Agreements with the independent firms give them full control over what is released. The impression I get is that some fease data could be released before full fease completion. We would need to see some resource, mine rate, and costs to get an appreciation of the profitability performance we have been hoping for. Tom, looks like you are jumping back in for a quick trade based on silver data and want to buy in just before release so as not to waste time, and sell the news. Lotta luck on that. IMO the project is on track, many milestones completed, now at the point where the pieces are coming together. I think this 1st Q will show that, though only parts of this large property have even been sampled thus far. The world economic situation may be precarious right now, recession for some may loom, but the timing and need for a large high grade Zn and silver resource to be brought to market seems right to me. And I expect financing to be available OK for the highest profitability projects.

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