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Gold/Mining/Energy : Chesapeake Gold (CKG.V)

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To: Bat Man who wrote (2119)10/17/2008 3:16:01 AM
From: TheBusDriver  Read Replies (1) of 7833
 
I liked what I read...it is in line with what I expected....potential for expanding looks promising but only one hole is not enough to get excited that way yet.

We already knew the ore was "difficult".

Disappointed that assay's are on average 15% lower but looks like CKG will be able to compensate for this....by expanding the resource and offsetting cost.

I expected bio-whatsit...so the roasting was a surprise....but makes sense if sulfuric acid will lower the cash cost down to $150...plus co-generation and zinc credits all help the bottom line.

The big question now will be recovery rate?

Looks good to me, but I am a bozo. CC will have something to say I am sure. Probably everyone was emailing him last night anyway<g>

oh, and they need to learn to spell "sulfuric"....but who am I to talk?<g>

Wayne
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