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 : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (856)	12/12/2001 5:52:28 PM
From: russwinter	Read Replies (1) \| Respond to of 39344

Rapidly to feasibility and then rapidly to production. Don't think they are going to mess around. When I asked how they planned on funding the capex with a 42 cent stock, indicated that nearby mines may advance money to them, and that they also will have solid bank backing. The first year payback would be $26 million, so almost sounds like a line of credit. I think that they also feel the best mileage on the exploration side is to go underground, and rather than drilling down, drill off of the ramp. We've been looking almost exclusively at open pit mines, so I'm not entirely sure of how that works, but I get the impression that this deposit may grow without big exploration expense.