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Strategies & Market Trends : Beat The Street With SI Traders
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To: Condor who wrote (3111)8/3/2009 3:06:47 AM
From: Nevada99992 Recommendations  Read Replies (1) of 233867
 
I'm afraid this isn't the Canadian shield. I've been down about 7,000 feet in the Dome mine in Timmins and it's beautiful, 60 degrees (F that is, I don't do metric on weekends) and not much water. At less than 2,000 feet at Meikle there are 140 degree headings and individual mines on the trend are routinely pumping over 50,000 gallons/minute each to dewater less than 2,000 feet. Most mines on the trend probably pump more than all of the mines in eastern Canada combined. 4,000 feet is uncharted territory.

I could see the water decreasing at depth because those rocks look tight, but not the temperature. I think you can almost count on 180-200 degrees. Sorry if that's not what people want to hear, but its true. I don't think they will find many suitors for a mine at that depth. If Hinnigh says no problem it's a big red flag in my opinion.

EVG is not a no brainer long term hold, there is no such thing. There has never been a cyanide gold mine permitted in Wyoming. It could turn out to be the next Nevada or the next Montana. I have some shares, but I try to operate in a fact based world. There is an inverse correlation between stock price and reliable information.

That said let's hope the assays are good. That's what matters for the rest of the year. I'm not saying sell, but don't bet the farm either.
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