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Gold/Mining/Energy : Aurora Platinum Corp, ARP -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (16)12/20/2000 9:34:46 PM
From: 1st.mate  Read Replies (1) | Respond to of 157
 
Stock is drifting lower on loww volume. I would think that this will tumble if it gets much lower. I ask as I am looking for a place to go long...Were do you see a place to cover? or did you short yet?



To: Elizabeth Andrews who wrote (16)12/21/2000 11:53:24 PM
From: hank2010  Read Replies (1) | Respond to of 157
 
Elizabeth; Regarding avalon, when I questioned the narrow width you replied
"If Avalon's surface grades hold up on a structure that is less than 1/2 metre thick it will be economic. Its hard to say because I haven't seen the assay sheet but it could be that this small structure could be equivalent to 75 grams of gold or about US$600 per tonne. That should be minable."

Of prime interest to me are the keel targets, but MSK reported on the Pyrrhotite Lake prospect an intersection of 1.9metres of 24.2 g/t pgm (mostly pd) +10% Cu amd 7.86% nickel. That is close to $1200 at to-day's prices. Even with a 5.5% royalty it is still worth more than $1130/tonne. If they are successful, I think it would be undg. although with the size of the targets it could be multiple mines, both undg and open pit. I disagree that it is a lay down.
Hank