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

To: hank2010 who wrote (21996)	11/26/2004 6:37:55 PM
From: mike n.	Respond to of 312269

hank, thanks for the info. River gold is still mining in the area and Windarra still owns(with a related company,wwe,) a 25% interest in a lot of claims surrounding the magnacon mine. Reading back through some old sedar filings, it seems that wra still has the right to mill ore under the terms of sale of the magnacon mill to River gold(50000 tons annually, I think,but it may be more, I'm writing this from memory,but I will confirm if anyone is interested.) So if they found any high grade ore close to surface, they could open pit it and be in production very quickly.This one I think could be worth watching as the share structure is not bad (23 million) and after a financing to do a small drill program it could see some volatility.Might be a good trader, especially if the price of gold stays up over 450. Maybe we could get additional info if anyone else on this thread is familiar with the area. There seems to be a wealth of info here. Thanks again.(bought a bit today at .19 to get started) mik