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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.
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To: Ron Struthers who wrote (85)1/13/1997 8:51:00 AM
From: Chuca Marsh   of 615
 
Hi Ron, I learned from you that .02GPT was Economic in NV for years
in your reply to me on thIPMCF # 1220(to my post1181) about the"majic number" . Can you tell me if TVCN with their Century 21 Gold Mine at .3 OPT in AZ (i believe) is in affect economic , possibily
as I suspect. They are funding it at a rate of developement of $30,000 to $40,000 a month in order to increse the % split on the JV partnership. Is this $366,000 for the first year of developement normal
to develope a gold mine and sand pit selling 99% pure silicia to glass & ceramic companies??? Or is this a cash drain that is too severe and since I bot high- now it is 11-15 cents a share- get out or treat it like an option like Bob S. at fledging Newsletter told me to treat it a couple
of months ago?Chuc TVCN phone is on IPM thread about 12-10
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