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

To: marcos who wrote (2749)	8/12/2002 11:53:39 PM
From: E. Charters	Respond to of 8273

The nearest competent but loony welder is usually only the classifieds away. In this case one hundred miles. A deal has been made and it is nailed down so there is not fear. Don't ask me about it 100 years from now. The big problem is not getting properties if you know what you are doing. The big problem is getting money and a vehicle to raise money. Brokers aren't miners so they need to be "impressed". They are generally impressed only by how much money they can make manipulating the stock. A passable winter road goes right through the claims. The Lake on which it is situated is good for landing planes and there is a dock. In the 1980's a mill was flown in there in the winter with DC3's on skis. You could do that today, but there is also a mill about 40 miles away that we could use in the winter. Some surface stock pile that assayer 8 ounce per ton did disappear a while back. There is also a respectable tailings pond that assays .25 ounces per ton in spots. It would be economic as well. Mostly all you get is jerked around on deals by Bay street theives. The deal is to get into action. If it can be done it can be done. Not a dime has to be at risk until that time. EC<:-}

To: marcos who wrote (2749)	8/13/2002 12:27:29 AM
From: E. Charters	Respond to of 8273

The part I like is the tailings pond. It looks like 50 thou tons and I may be only 25K tons. But it runs up to 0.25 ounce per ton on the surface. It would not take much money to do, less than 800K all up and finished, and probably assays 0.15 recoverable for sure all through. I may be even better than that. It does not sound like much profit, and it is subject to a scale test, but it is sure profit and in little time. One season is all it takes. There is not doubt a good concentrate can be made. The highest cost is dealing with the government on the treatment of the waste water overflow. There is a way that it can be done with zero overflow and of they permit that, it could be done quite cheaply. There is a geolgist's report on the property that I commissioned. It would server to answer a lot of questions. EC<:-}

To: marcos who wrote (2749)	8/13/2002 12:50:32 AM
From: E. Charters	Respond to of 8273

Ten thousand tons is quite impressive if you see it on the surface in a pile. I used to have a claim that had 7 thousand tons of ore stockpiled on it and it looked like the Aswan Dam to most people. At 30 feet wide and 13 feet high the 10 thousand ton pile would be 925 feet long. We could chew through that with a mill that would sit on the back of a 40 foot flatbed in 6 months. I can get a 100 ton mill in Ontario and a partner who owns the mill and wants to do the thing, but he lacks the clear vision that one million dollars would give him. :) There is another vein on the surface that runs a solid 2 ounces per ton and is a whopping 200 feet long. It contains maybe 10 thousand tons to 500 feet. A paltry one foot wide and to many it sounds impossible. But with a technique called resuing where we break waste rock and blast that into the cut where the ore used to be, a stope of constant opening that is wide enough can be maintained. This body may be mineable to 2 thousand feet but I only want to mine it to a few hundred right now. That way I can use a prospector's two compartment shaft anda 40 foot headframe and keep capital costs miniscule. Costs to mine that vein would be in the order of perhaps 125 dollars per ton throughput. EC<:-}