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

To: hank2010 who wrote (27696)	2/5/2004 11:28:01 AM
From: hank2010	Respond to of 39344

More significant than 12.34% Nickel over 5.5 m IMO is the following: “Our goal with this program was to gain a better understanding of geological and structural controls and continuity of the deposit. We accomplished this objective, and are very encouraged that the McWatters deposit appears to be open along strike to the east and west, merely shifted by cross faulting,” said Liberty’s President Eduard Ludwig. I had considered this a limited tonnage deposit. With ore on both sides of the cross-faulting, the deposit is wide open again.

To: hank2010 who wrote (27696)	2/5/2004 1:23:05 PM
From: E. Charters	Read Replies (2) \| Respond to of 39344

Well I am really sorry to hear that they are clogging up with surplus nickel. It used to be a fine low grade property of limited extent. Now they are cursed by fault offset continuations, at both ends no less, and increased nickel impurity in the rock. When the circuits get stuffed with excess nickel it could turn out to be a terrible mess. It might be possible to handle 5 or even 8 % nickel in the matrix, but at 12 percent there would be total breakdown. My prediction is that it won't be too long before they to throw in the towel and try to find something with less nickel in it. It's not the end of the world. Lots of people have lower grades and even narrower intersections. Maybe they could make a deal somewhere. EC<:-}