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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (25800)12/20/2003 2:39:46 PM
From: Condor  Read Replies (1) | Respond to of 39344
 
HGM....Fri.close...$0.40
Got a call from the IR at Capital Planners?? on HGM Friday. Tells me they have 400,000 oz. of gold proven on the Timmins property and will no doubt complete the tally for a total one million ounces through the winter. Sounds like total BS to me. I don't recall any of that type of appraisal. Are you up to speed on the HGM story?

C



To: Elizabeth Andrews who wrote (25800)12/20/2003 4:36:18 PM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
<The most important thing right now is to get a clear idea of the silver metallurgy. If the silver recoveries are 60% or so, which is not uncommon, then the grade is not going to work. >

This appears clearly to be open pit. And this is galena with relatively low lead content, not a low recovery rate oxyde...80%+ is more likely. I think tonnage is the key here.



To: Elizabeth Andrews who wrote (25800)12/20/2003 8:19:32 PM
From: Michael Bidder  Read Replies (1) | Respond to of 39344
 
Liz
Perhaps the grade below 80m on hole 4 and 5 continues to increase above 7 ozs. Or at least stays the same. What do you think the odds of that are? In other words that grades generally improve with depth in this anomaly.