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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (328)	4/14/2002 9:14:57 PM
From: russwinter	Respond to of 468

Obviously whoever has been dumping this one at 75 cents out of "disappointment" has been too lazy to read the report. Your points are right on, except I'd say the one million oz (250,000 to YMC) oxide starter is even better than "pretty good", as it would probably have a cash cost under $50, maybe $30. I'd use the term "damned good" myself <g>. The low sulphide recovery is another story and may be too much to surmount, and I suppose that's the cause of the rather muted response to this report? I imagine the plan will be to double or triple the oxides over the larger area? They only used 23 holes (there are some more assays long overdue even as we speak) to come up with this resource, so expansion is very likely. Would make a hell of a producing gold mine, especially for a mid tier. Do you think YMC could be so lucky that RTZ might eventually walk (600K for this season's work seems a bit light) from this because a two million oz oxide target isn't enough for a mega or doesn't fit their "profile"? Nah, but that would be nice to fantasize about. But alas, RTZ will likely just hang around and spend the other US$8 million required (and make the 1.5 m cash payment to YMC) to reach their earn in. Wonder how many more ounces that will find? IMO, plenty!