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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: John Soileau who wrote (1052)11/21/1997 12:12:00 PM
From: E. Charters  Read Replies (1) of 1253
 
2 million was the figure at 68% ownership of that by ECM and
allowing for dilution. Now it could get bigger, they usually do,
but project economics are unknown. I notice that real nice
economics do not save Lyon Lake from being a dog, however.
Investors can only focus on one apsect at a time it appears.
The other properties in the area are no factored. It's the
subsidiary curse.

NPA and PFG were semi honest trainwrecks. I have my doubts
that even honest stupidity enters into the desert dirts.
PFG was real enough..but at those depths and grades and with
a major piddling away at it I knew people were expecting
too much. I dislike cold water on my "babies" too so I was
prepared for a bit of flack. But not having to barricade my
house.
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