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

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To: Mr. Aloha who wrote (55684)	1/21/2008 1:47:05 PM
From: E. Charters	Read Replies (1) of 78428

Well ok. I was referring to one whole enchilada versus the other whole enchilada. The zinc plant WITH the necessary mining stuff. Or the float plant WITH the mining stuff, and of course tailings pond. It all has to work. I admit I don't know the end price of either project. I think the fease has to show us that. Money is tight. Zinc has fallen. This much we know. This means some projects may rationalize their outlook on sheer money availability. I am thinking that the lower end costs, despite the higher zinc prices, will be more attractive. To make it, especially with the float only option, they need the silver lever. On the other hand the more-room-to-manoeuver on zinc prices that an electrolytic plant would afford is a powerful incentive. But does the project hinge on zinc? I guess it is a bread an butter sort of thing. I guess with the backdrop of tightening money it is hard to see things rationally. Hard to predict demand for zinc or zinc sharepaper. What I find is that a lot of projects that look good on paper otherwise normally fall victim to general market malaise. Investors are a hard lot to coolly rationalize when they are losing their shirts, or think they might. I like to think that things will sort themselves out and market opportunities that involve growth will being to make sense again. I like to refer to Lakeshore Mines going to 65 dollars per share in 1929. I realize that making the 1929 analogy is perhaps a bit hasty. I would tend to try to debt finance at least 50% of this beasty to try to reduce dilution. Equity values might be higher, especially after payback. EC<:-}

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