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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd. -- Ignore unavailable to you. Want to Upgrade?


To: Randy who wrote (2157)4/9/2000 11:45:00 PM
From: Brian MacDonald  Read Replies (1) | Respond to of 2229
 
Randy,

<The only other unknown is the number of ounces in the ground. Once production starts they will have the cash to get a good estimate on the size of the resource.>

If I only had a nickel for every time I heard that from the old CKS crowd. It was BS then and it's still BS.

Drilling holes in this property will only makes the drilling company rich. As far as I can tell from all the previous info that's come out, they need to follow the high grade seams and see where that takes them. Since the property is large enough, and has a number of high grade seams already discovered, it shouldn't have taken this long to make a few bucks - other than milking the shareholders. Once they have a cushion of several million dollars in the bank, then perhaps they can afford the luxury of looking into the 'lower grade' material. Nobody is going to give them big money in this market so if they don't generate the money via gold and silver production, it'll be time to fold the tents.

Well, we can only go down another $0.21, so here's hoping that somebody on the new board wants to make a few bucks and not just from shuffling paper. So far only the Indonesian partner, and the 'deal maker', has made money off this 'hot property'. Any other money was made a la P & D - I guess.

Brian