SI
SI
discoversearch

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: marynell who wrote (2451)10/1/2001 6:31:57 PM
From: TrueScouse  Respond to of 4051
 
marynell:

<<Inca Pacific will likely be hammered by tax loss selling>>

Great time to average down! <vbg>

<<Also, unlike Metallica's copper deposit, there are serious questions about the economics of Inca's deposit.>>

While I like the new MR discovery, it's early days to assume the economics of that are O.K. OTOH, Inca's Magistral bulk tests have recovered 95% of the Cu and 70% of the Mb.

<<it is in a remote location>>

It's not that remote -- only 12 miles from the town of Conchucos.

<<and how will they move the ore?>>

My understanding is that they'll be building an access road to Conchucos and then shipping the concentrate by road from there to the coast -- all downhill. They won't need to build a pipeline.

Regards,
Howy