Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (209)	1/25/2001 10:17:38 PM
From: marcos	Respond to of 8273

Ok, 150 by 150 is 22.500 metres squared, by what about 60m deep on average, is 1.35m metres cubic, times 2.8 to get tonnage, is 3.78m tonnes, times what about one quarter ounce per tonne [hey this is just rough] average, so a little less than a million ounces. Ok, so it's pretty shallow so strip costs low, pretty rich so overall cash costs reasonable ... ya think it might one day be worth say 25US/oz [let's keep it conservative] to some major? ... that would near 25mUS, which spread over the 19m [?] f.d. shares and then discounted a tad for time value of money, should add a loonie per share before even considering the blue sky possibilities opened up by such results .... but they've had so many great results before, and the market didn't pay for them ... they have two mines proven up now already, right, and a whack of cash, a crew with a history of meeting goals, a management that doesn't print paper for the fun of it, open sides left to drill, other quality properties .... a person could do worse than to tuck some of this away. Unless it gaps up -g-