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

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To: Metacomet who wrote (59659)	5/24/2008 3:44:31 PM
From: E. Charters	Read Replies (1) of 78424

Roxmark needs about 7 to 9 million to do the Pan Empire property at a 300 tpd level. Their mill could use about 1.5 to $3 million in upgrading, and the underground could use about 6. They don't have the money right now, or a stock price to raise it to tackle production. Mining there could generate 44,000 ozs Au per year. Their Moly thingie which has sat idle, could get a revisit later in the year. It may see a re-evaluation. There is a possibility that it could see another approach and some salvation of potential. There were quite a few surficial gold veins in the region of 0.2 OPT near the main moly vein which did not see any explo at all. The moly vein was also not evaluated for gold nor was any gold recovered from it. The gravity circuit had been turned off in the last test. One of the samples from the moly vein itself ran 1/10 of an ounce gold. EC<:-\|

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