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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: TheBusDriver who wrote (57287)3/5/2008 7:53:25 PM
From: ogi  Read Replies (4) of 78419
 
I do not own CKG at this point in time, IF I had the spare cash right now I would be a buyer. Talking with Randy in person is an exceptional experience in comparison with most PDAC encounters.

I was immediately made aware of some of Metates's historical constraints that will be addressed by CKG.

1. Cambior had envisioned shipping tailings 50 mi away to a tailings pond in a situation that would not have addressed acid drainage. Ckg can develop a localized Limestone trap that would render the tailings inert without the expense of transport.

2. The simple fact is today's metal prices change the entire picture. In particular, economic zinc which is in the upper layer and will be cash flow positive but more importantly will
not be waste, therefore, ore grade zinc will reduce strip ratios significantly thus improving economics.

3. Please Reverse number 1 and 2 :)

4. All local populations have been given reason to trust CKG.

5. Metallurgy has been historically problematic, Randy said no roaster, they will be seeking a bio leach process. Bio Leach has come a very long way since Cambior had Metates.

6. They should be able to establish a starter pit that would be economic on its own, then expansion into historic areas as well as exploration that is only hinted at by historic numbers. The bottom line, with a historic 30 mil oz gold equivalent resource this deposit is still open in several directions. Drills turning and will be added to as rapidly as possible, say no more when CKG runs multiple drill rigs.

7. Disclosure: Although I do not own CKG Randy and I share an Alumni affiliation which, because of a genuine affection for that institution, could skew my opinion in favour of CKG.

8. For further info on CKG see SlowLane who garners and then sorts facts with acumen, whereas I seek the facts but sort them with intuitive emotive reason, if there is such a thing.

Cheers,
Ogi
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