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Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE
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To: Angelo who wrote (303)4/29/1999 1:47:00 PM
From: Peter Bourgeois  Read Replies (1) of 598
 
Hi Angelo,

That is not a bad grade for aluvials. It does not require much funds up front to produce from gravels, a backhoe and limited mining equipment. I do not believe that the people mining this stuff think that they will lose money. If the price of $400 + a carat holds true from a bigger sample then there is certainly money to be made.

Just my two cents worth.

Cheers !!! Peter
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