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

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To: pogohere who wrote (56782)	2/29/2008 11:11:26 AM
From: shakes	Read Replies (1) of 78417

SVL assumptions... I'm with you, Pogohere: "J. Scott Drever, president of SilverCrest, stated; "We are now very confident about the nature and minimum size of the Main Zone deposit and are becoming more confident about its mineability as the preliminary feasibility progresses. We have used a gold price of US$600 per ounce and a silver price of US$10 per ounce for our base case economics and all preliminary indications are that we potentially have the makings of a very robust project at Santa Elena." POG$600/POS$10... The Coffin brothers have been recommending SVL since Apr.06; their comments over the months: -expect gold resource in the 1million oz range -drill results continue to expand the deposit -lags peers in price, thus good upside -reached a 20yr agreement with local ejido -a lot closer to production than most think regards, Shakes

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