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Gold/Mining/Energy : NDT VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: charred who wrote (931)1/4/2001 8:15:29 PM
From: Enigma  Read Replies (2) | Respond to of 992
 
Any ideas how long the scoping process will take? I understand the company can ultimately earn up to 80% of the property depending on # of ounces found. The project was designed so a major could come in and leave NDE with a decent percentage. The market is as dead as a Dodo. I haven't followed this one for long and don't know if news/activity is forthcoming from other projects. These companies need news!!. I agree with you Charred that on a break up basis there is little risk here. But I don't know when the next activity might start - a couple of months maybe - haven't a clue on this. This would be the time to issue management options - anyone know how much of company is owned by insiders?



To: charred who wrote (931)1/4/2001 8:45:04 PM
From: Elizabeth Andrews  Read Replies (2) | Respond to of 992
 
Does the structure have the potential to hold 50 million tonnes? Mining rate 20,000 tonnes per day? Costs less than US$6 per tonne? Average grade 1.2 g/tn? 80% recovery? Overall stripping ratio 3:1? Average thickness 30 meters? Strike length? If not there's still risk at 15 cents, I think.


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