Int'l Wayside Gold Mines Ltd (IWA-VSE) 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.

Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Leigh McBain who wrote (361)	12/23/1998 11:32:00 AM
From: bill718	Read Replies (1) of 1321

I agree the grades are very important... in addition to POG and cost of production. BC is loaded with wide-spread low-grade deposits mixed in with the odd high-grade zone. At $400 POG a property like that may be economic to mine whereas at $290 POG it might not be. If IWA has enough high grade to make a go of it, then that would be fantastic. I brought up Royal Oak because they are in BC and low POG is what is ultimately killing them today as they cannot keep up with their debt at current levels. The 6M oz. estimate is based on low cutoff grades. Only used them as an example to demonstrate the importance of POG to the entire mining industry at the moment... largely, because in so many cases, we are dealing with widespread lo-grade zones. Merry Xmas to all... and may 99 be prosperous! Wayne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next