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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jackjc who wrote (1079)	1/7/2002 3:21:40 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

Keep in mind that MFL has yet to conclude on silver recovery rates which last stood at between 57% and 65% on average. The gold is the bread and butter so far as overall recovery rates are 86-89%. The key is is the mining plan. Like BAY, MFL has high grade ore (some is the same type as BAY: cerargyrite) that will have much higher recoveries. MFL must run many metalurgical test and get more samples to determine how much of its silver resources can be recover. In that regard, MFL is at least 12-16 months behind BAY. So I doubt that MFL can be taken over anytime soon.