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

To: Claude Cormier who wrote (2266)	3/8/2002 9:45:46 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 39344

Claude -- we are not in a bull market -- with all due respect that's a load of bs - not in a bull market? Precious metals, diamonds and art -- maybe even biotech (without the accounting issues) are always popular in a vicious cycle. We are in a bull market! Regards Frank P.

To: Claude Cormier who wrote (2266)	3/8/2002 11:05:37 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 39344

Claude, re Corner Bay-The exploration potential at Alamo Dorado is suspect, in my view, as the host rocks are a roof pendant and are older than the underlying Sonoran Batholith. There's very little explanation of what happened here regionally and this deposit could easily be a one-of. Maybe you could explain this to the thread. Also cash flow peaks in the second year of production and declines rapidly for the next eight years. Also, the mineralization is fracture controlled. I haven't been able to find any mention of the azimuth of the controlling fractures and the azimuth of the drill holes. All tonnage and grade calculations have been by way of drill hole data and this should be checked by a meaningful bulk sample. The other thing that's missing, in my view, is meaningful metallurgical data. I still think a bulk heap leach of 50,000 tonnes would be a good thing as the alteration assemblage includes some minerals that have been known to cause problems for percolation and recoveries. I believe La Choya, further north in Sonora didn't turn out quite as lovely as expected and I believe it is in a very similar setting.