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

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To: Condor who wrote (62088)	10/31/2008 9:41:54 AM
From: WalterWhite	Read Replies (2) of 78420

At $1 per ton in-situ I guesstimate a valuation of $9 per share. This is conservative and derived from the drill holes and map and estimating 25m over 8km2, or 200MM tons. Assuming the coal characteristics are attractive, the big question is how much coal needs to be proved up with their winter drill program to attract a Peabody, Teck, Arch, Sherrit etc to take them out? 500MM, 1B or 3B tons??? Any ideas out there? tia Globe

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