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Gold/Mining/Energy : Tenke Mining Corp (TNK) -- Ignore unavailable to you. Want to Upgrade?


To: Frankly Speaking who wrote (445)3/19/2001 4:19:44 PM
From: russwinter  Read Replies (1) | Respond to of 486
 
I consider the three holes at Filo del Sol to be a major discovery. They are wide intervals, near surface, and flush. Even at today's depressed metal prices hole 4 has $41/ton rock, 5 has $38, and 20 has 22. But the aspect that is especially mouthwatering are the supergenes: hole 20 has a 18 meter interval practically at surface with 1.89% copper. This confirms a 32 meter interval (deeper at 100-132) at hole 5 with 2.20%.

You just don't see this pop up on three scout holes very often. The fact that they missed on a dozen and half other holes is not important as these were roll the dice drills all over the concession..The second release indicated there was a map, but it is not on the company web site. One area I'm interested in is the Vicuna anomaly towards the southeast. That's a promising spot so I'm wondering if they put a few holes there? Despite a great presentation of the project on the web site, the maps provided of the drill location were very poor quality. I asked the company for a clean one and they didn't deliver. If Vicuna produced duds that would be a mild disappointment to what is otherwise a major discovery. If they start hitting at Vicuna, I think we can really start talking about ten to fifteen bagger potential on this play.

The fact that the stock doesn't trade on this news is meaningless. I was able to go in the morning after Metallica reported great results at El Moro and buy all the 29 cent stock I wanted. It's 60 cents (and still cheap) a week later.



To: Frankly Speaking who wrote (445)3/20/2001 12:38:49 PM
From: Gunnar  Read Replies (1) | Respond to of 486
 
This is the first of four targets. Please give us some 1.5-2 g/t of the noble metals also, when Cu is below 1%. 16 m depth is nice, but where is the smelter situated at the current values?

Regards,
Gunnar

PS Time to follow the DRC? E U are making some moves to make further steps possible. DS