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

To: TheBusDriver who wrote (3913)	12/31/2005 11:58:53 AM
From: jrhana	Read Replies (2) \| Respond to of 78409

MFN (MFL.TO) is also AMEX listed and very marginable in the US. Here is a (to me) impressive interview: twst.com A few tidbits from the above: <The Dolores deposit remains open in all directions, with the potential to double in size. We have never found the bottom of mineralization. Our deepest drill hole has encountered good underground grades of 12-30 g/t gold over intervals of 2 to 10 meters in width. So Dolores is a world-class deposit and will become a very profitable mine in the near future. We have completed a bankable feasibility and have just filed our environmental impact study and mining permits, our blasting permits and our change of land use permits. We expect to have all of these in hand by March........ Dolores is a very economic deposit, especially at present gold and silver prices. It is an epithermal gold and silver system that is volcanic hosted. It is primarily gold and silver, with gold being a little more valuable right now, but it is a very valuable silver deposit as well. At current gold and silver prices the project will realize more than $500 million in profit over the mine life. In our mine plan, 98% of the reserves in the pit are proven and probable, and we continue to convert our resource into P&P reserves, which is considered very successful exploration.> Some recent good news was pretty much ignored as far as I can tell <Company President, Mark Bailey commented: "The new mineralized intercepts confirm the extension of multiple zones of gold and silver mineralization at Dolores well beyond the mineralization included in present project reserves estimates. Although our recent drilling has focused on building reserves for the Dolores mine plan, the property remains open and very prospective." Results from the most recent drilling include 38 metres grading 8.78 grams per tonne ("g/t") gold and 21.8 g/t silver, including one metre grading 316.25 g/t gold and 135 g/t silver, in hole D-05-426. The results from infill and step-out drilling completed since November 2004, including the most recent holes from south of the open-pit deposit and those reported earlier from the West Flank High-Grade Zone (September 27, 2005), will be incorporated in a new year-end resource estimation and model that is currently being prepared. The most recent drilling suggests that zones of mineralization extending south from the Dolores pit will add to both the open-pittable reserve base and to deeper high-grade resources that could support underground mining. In particular, drill holes D-426, and D-427 extend mineralization more than 250 metres south of the planned pit at the 1500 meters of elevation level and extend deeper mineralization more than 330 metres from the pit wall at the 1300 meter elevation level.> biz.yahoo.com