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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (9480)	3/26/2005 2:18:31 PM
From: koan	Respond to of 18308

Here is a good analyses of FWR by "bedrocker" on the SH forum: When you are investing in exploration stage stocks, you are making bets on discovery, so it has the risk that all in this sector have. But the new discovery makes it different than many. The grades coming out of bedrock grabs clearly show ore grades. So that's getting to first base. There's the right rocks with it (second base) and a good looking coincident airborne anomaly (third base?). So they now have to find tonnes to make it a home run. They don't control that, but finds even like this are not common. All ingredients are there - just need size to come through. First drill holes could indicate that right away, but even if it was only moidest thickness at surface, it would still be a good prospect at 300 meters depth, 600 meters depth etc - that is it will attract exploration money with the first 3 bases covered. Producing mines in Canada go down as deep as 1000 to 1500 meters vertically, and some even to over 2000. Freewest will be looking at the top in the initial drilling. I am just saying that it will continue to be attractive as a target to much greater depths because of several conditions already met. From what we know it is also in rocks of the right age and has alteration rocks that are typical of productive mines. Aside from this Clarence Stream is very likely to be a producer in time, and their Windfall interests are prospective in combination with others in the same area. So it's not a one-trick pony. But you have to want to be betting on exploration rather than on Sleemans or Coca Cola or Inco. I am in and have not sold any in the recent runup. I would not say I never would as it depends on developments and the price, but the exploration work is very well run.