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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: mineman who wrote (6113)7/18/1998 8:58:00 PM
From: 1king  Read Replies (1) of 11676
 
M.

No more difficult than gold versus ANY other element. Did you ever see the Ni "nugget effect". Plus the Russian's are undercutting the market with unpredictable metal supplies. Still no water in the argument.

Gross metal values not silly when put in the context of a single intersection they are bullshit. There are so many other factors in the cost of mining, recovery, processing and supply economics and they differ drastically between elements. To say a 1m stick of core means a rock is worth xxx dollars is meaningless. What if that rock is 10m deep what if it is 1000m deep what if one property is in a national park while the other is in a civil war zone. The entire game is much much bigger than that but you also know that as well. Gross metal values belong in the same basket as gold equivalents. They do not make it to JUNIOR Exploration company valuation sheets. Neither of these plays are deposits!

Maybe total deposit value discounted to mining cost, recovery cost processing cost, options, NSR etc.

I don't understand your anomaly discussion. I guess I deal with blind anomalies most of the time. If they were not blind they probably would not need me, whatever!?

I realize what you were trying to do and you point is made. But a more simple approach would have been to compare MGJ and DML. APPLES to APPLES..........ORANGES to ORANGES..........so on.

FWIW
1King

Is there a web site for BC, what country is the prop in?
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