Technical Trading of Pennies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Technical Trading of Pennies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: paul s. who wrote (128)	6/24/1998 9:57:00 AM
From: keith schaefer	of 478

Nothing to account for drop in price except the market. Test pit sampling numbers came out, and we've got an area 550 m x 800 m grading 1.13 g/t Au in what we are confident is a leached situation, so we are hoping for better grades farther down in the bedrock. Our president/geologist, Walter Sellmer, tells me at $350 gold we need 1 g/t Au for an economic deposit in this setting. At $300 gold we need 1.5 g/t Au - or less than that with a good starter pit. There is already a mill at Pueblo Viejo. Take those numbers as a rule of thumb, an initial guide. It's way too early in the exploration for hard and fast numbers. I think the stock is in the summer doldrums because we won't be drilling until mid-late August. $2.4 million cash, with Eldorado giving us $250,000 every April and Oct 1 for the next 3 years, 14.2 million shares out. And Eldorado is paying for the exploration.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next