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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (6877)	4/16/2004 2:58:16 AM
From: siempre	Respond to of 312297

agreed that starting with the Alamillios zone would give them the best chance to advance the project, but at the AVERAGE grades that were mentioned, it would take an enormous amount of ore to make a mine....as Claude said, "I would probably be attracted if the capital structure was better." it looks as though the exploration budget is too small at this time....you know what that means....they'd have to do a lot of financing & thus dilution would be the result....best case scenario...it will take years to reach production & be very costly....the very reason I look for explorers such as EXN, GNG & CNU who report consistently high grades....