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

To: ralfph who wrote (5062)	9/12/2003 5:25:24 AM
From: E. Charters	Read Replies (2) \| Respond to of 8273

IWA is in mine country. It is lined up on literally a dozen old deposits including the 1/2 ounce Mosquito creek gold mine which used to run in the 90's. It has a drilled resource of 3 grams and high grade small resource that is in the 1/2 ounce range. I believe their numbers. I just don't believe they will get an open pit mine going. It's like Tyhee on the old discovery, 2 million ounces and no one will give old Dave a sou. Burnt all the bridges just like Sivet Cat. Now he is sitting on no money island with no cash boat. Sivet could be got going by ten guys reverse mortgaging their houses for 35K each. That is all that is needed to get the main pond going. And we get back 2 megs in one year. Not bad for a bunch of amateurs. I have 200K promised but nothing in the door. Nobody wants to be first in the pool as they are afraid everyone else will walk away. It can do flow thru too and the new super flow thru. It's a good idea and had proven numbers and lots of work. CBD.. it is a pile of crap that keep sucking money. Itis too low grade even for an open pit up there. (4 grams) and I doubt the milling expertise of the group. Anyone who wants to put in a CIP mill makes me wonder. They get low recovery and sometimes they don't work at all. (Cullaton Lake). If I had it, I would mine it at 6 grams underground bulk at 45 CDN per ton and install a 1000 ton per day flotation mill which I could build for 26 million. They are going to spend ten times that. See? EC<:-}