Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (1778)	11/13/2005 10:04:18 PM
From: zoo york	Respond to of 78418

Hi Loantech! As I understand it, the mill is not owned but a longterm lease from Penoles. When I asked Fred several months ago about their plans, he indicated they would invest some money to upgrade some equipment and ensure everything is properly maintained, but the longer term goal is to build a new, larger mill facility once they have developed enough tonnage to keep a larger operation running. Keep in mind that once silver goes above $12, there will be a large tonnage of lower grade material that will become economic to mine, and that will support a much larger operation. cheers! COACH247