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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: tyc:> who wrote (64623)4/2/2009 10:29:21 AM
From: E. Charters  Read Replies (2) of 78410
 
The question you have to ask yourself is would you restart any of the Timmins mines today given their historic characteristics?

You might say that Kinross 1060, Hallnor, McIntyre, Hollinger, Hoyle Pond, Bell Creek, Aunour, Broulan, Coniarum and Vipond would be a go because of their grade. Not spectacular when all was said and done despite the high contained ounces, but a go.
But you would get a lot of flack over getting the miners and mining methods. The people just are not there for underground mining anymore.

The Dome looked good when it started due to the high grade nature of the ground at surface, but if one looked today at the Pamour and the Dome's average grade in production would they say they wanted to do it all over again? Based on the standards of what makes a mine according to Bay street you would probably get turned down if you presented those stats. 0.10 oz/T for the Concerning the Pamour, no matter the width underground you would get a jaundiced stare from most money. 0.25 oz per ton over 200 tons per day? Not a going concern. You could not start it. Dome for most of its history was just that.

Are the broker's right? Or are they just expecting too much?

EC<:-}
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