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.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (9413)	3/14/2002 4:14:37 PM
From: TrueScouse	Respond to of 36161

vt: I spoke briefly to a Placer Dome geologist at PDAC. He was very familiar with Porgera and also Mt. Kare. I was surprised to hear from him that there is already a 4-wheel drive road all the way to Mt. Kare. I haven't seen any mention of that in the MNP publicity. His view is that Porgera still has a few years of economic deposits left, and these are still lower cost than anything confirmed yet at Mt. Kare. However, as Porgera begins to run out and PDG is sitting on a mill that cost a few hundred million $ to develop, Mt. Kare will begin to look much more attractive. As he put it, "It'd be a no brainer to process Mt.Kare ore at the Porgera mill at that point, instead of walking away from a huge investment". So, maybe I'll just keep accumulating MNP at 10 cents for a few years -- and then retire! :^) Regards, Howy