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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (2492)	6/26/2002 8:35:17 AM
From: E. Charters	Read Replies (1) \| Respond to of 8273

Wildcat could be floated. It needs capital. No person on first financing can put up less than 20K. One property could run at 25 tons per day. One could run at about that too. another needs at least 100 tons per day. Tiny eh? Could be done at higher scale too. Don't know about Box Athlona. Isn't that about 0.17? It depends on scale. I won't say it is impossible to make money at that grade, just that they need block tonnage and fast throughput methods. Holt McDermott made money at 0.14 up until just a while ago. Know a guy who is looking for money who has one million tons of 0.50 ounces. Now we know that will make money. EC<:-}