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.

Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: lbs1989 who wrote (1872)	8/19/2001 9:33:39 AM
From: russwinter	Read Replies (3) \| Respond to of 4051

SLR: solitarioresources.com Go to projects, can be reviewed by hitting map tabs. Victim of the collapse of base metal and PGE's this year. JV's have dropped them as nobody wants to explore much of anything nowadays. Producer capital is being wiped out funding losing operations so exploration is perceived as a luxury. Under projects go to Bongara, and look at the zinc grades Pasminco and Cominco were willing to walk away from after spending US16 million there. The reason is that almost all the zinc in the world is produced at an operating loss (and return on capital, what's that?)at these prices. It'w worse now than when this chart was illustrated: Message 16144738 Many if not most of the base metal majors will be out of business in a year or two if these prices are sustained. Look at the Yanacocha map and the huge prospective ground in the heart of that rich district, where SLR has royalty rights from NEM. Pedra Blanca is doable, but is too complex (like almost all PGE projects) for explorers with limited funds like Rockwell. Rancon del Tigre is a project companies would kill for in normal times. They've done a good job of keeping the burn rate down: US 5.1 million cash at 6/30/01. Market cap @ 60 cents is 9.1 million, and with an EV of only US 4 million, market is once again inefficiently valuing exceptional exploration properties. TVX: see posts 1835 and 1838.