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Strategies & Market Trends : Ride the Tiger with CD

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To: E. Charters who wrote (132188)9/30/2008 10:57:28 AM
From: Malyshek  Read Replies (2) of 312313
 
Charters, re copper and SRY.TO --
Is this good? A good deposit? Likely economic? (see below from item on Yahoo finance)(I knew a knowledgeable guy who liked this company when base metal stocks were hot). Thanks for generously sharing your superior knowledge of mining and sometimes of other topics.

"The recently completed in fill drill program (207 drill holes) has resulted in an updated mineral resource calculation completed by Mike Hester of Independent Mining Consultants, Inc. ("IMC") as reported in the Corporation's News Release 2008-12. The measured and indicated mineral resource at El Pilar is 199 million tonnes grading 0.35% total copper calculated at a cutoff of 0.25% total copper. At a lower cut-off of 0.20% total copper, the measured and indicated mineral resource is 276 million tonnes grading 0.31% total copper. Stingray's current work program is designed to establish the mineral reserve and develop the El Pilar as an open pit, heap leach, solvent extraction-electrowinning (SX-EW) copper mine.

Stingray is well financed, with approximately $18M in the treasury, to carry out the current work on the technical/feasibility study of El Pilar scheduled for completion in Q1 of 2009."
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