SI
SI
discoversearch

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.
Gold/Mining/Energy : International Gold Corp (IGCO)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Semyon Kuretsky who wrote (126)8/22/1998 8:17:00 AM
From: robert burr  Read Replies (1) of 405
 
It is important to remember that the success of their venture will depend entirely on their ability to achieve gold recovery efficiencies suficient to pay the cost of mining/refining and site recovery. The only independent estimates available so far, the Bateman data, do not indicate economic yields. IGCO believes they can achieve higher yields than those accomplished in the conservative Bateman assays, but have not yet shown they can. There is no real doubt that the gold is in the ground. The issue is whether realizing the gold is economically viable. We are betting that IGCO will be able to accomplish that technical challenge. The stock price reflects the substantial uncertainly that economic recovery will be possible.
The drilling data everyone is waiting for will not tell the tale; the important data is the demonstration IGCO's refining technology will permit economic yields from their ore deposits.
Bob Burr
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News