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

To: Elizabeth Andrews who wrote (1160)	1/13/2002 2:33:06 PM
From: russwinter	Respond to of 39344

Yes, PDG/KN. Hit "properties", then Salamandra property review download: nationalgold.com

To: Elizabeth Andrews who wrote (1160)	1/14/2002 1:19:58 AM
From: marcos	Read Replies (1) \| Respond to of 39344

Yes, the same ... 70/30 pdg/Kennecott i think ... you say in a later post that you've been there, that would be some time ago before it changed hands, yes? ... i'd like to hear from some independent third party who has been there recently and talked with the ejiditarios, sounds like there was friction when Placer was drilling, certain amount of fear of agricultural loss combined with natural jockeying for bargaining positions ... of course Mulatos on which CM's efforts are concentrated is up on the hill there, unlike Escondida and el Victor which are down in the valley, so its impact on cultivation will be far less, if at all .... but still i'd like to know the attitude and situation of the ejido, it will be important Strip ratio - not high at Mulatos ... cheap mining Recovery - CM thinks he can improve on pdg's 66% by crushing finer than their three-quarters Financing - like russ says ngt has PP paper coming free trading in a week, aas has 6m with 6m 20-cent warrants coming free trading in October [or November or when aas files an AIF] ... so these may weigh somewhat on the market ... we shall see how many of the placees were in it for a flip ... or who will sell some to generate cash for another round PoG risk - CM apparently is not a raving gold bull [Albert Matter is], and would not have taken it on if he thought there wasn't strong chance of making Estrella economic at PoG300 or below ... firmly held attitude on CM's part, one hears, 'don't count your chickens' News vacuum [sort of] - because of the way CM is going about things, we are unlikely to get earth-shaking assay news or anything of the kind - he's going to do a bulk sample, grind it his way and leach it, could take six months or more ... there is no question of there being metal in the ground, it's just a matter of exactly how economic it is ... but anyway, no big drill bit speculation here, no speckie spikes/crashes, so there's both pros and cons to the relative lack of news, probably evens out Personality risk - Albert Matter is an intense individual, it is said ... Chester Millar is an old bull, knows what he wants and how he wants it, not likely to brook opposition on any point he deems to be in his jurisdiction ... will these two get along? ... russ, yes i did hear that the aas/ngt merger was not called off for all time, current situation may well be an interim one ... also, not only did i hear that AM was interested in other deals [he has made public statements to the effect] but it is rumoured that CM is quite open to the idea as well, one step at a time in his fashion of course, but thinking ahead on it for sure That's all the risk categories i can think of right now ... of them all, i am most curious on the ejido ... got to keep the locals onside always, even if there is no market town like Tambogrande sitting on top, they're still people with ancestors buried nearby, and by both law and common sense they have a voice .... cheers