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


To: Nikole Wollerstein who wrote (8727)4/1/2006 4:31:31 AM
From: E. Charters  Respond to of 78414
 
It certainly has a healthy chart. You may be right about a ten bagger.

It's got copper. Oxide Copper.

There will be many more companies starting to beat the red metal drum. Not to mention a few other metal drums.

Copper in routinely extractable quantities is relatively rare in Canada.

Maybe the government should be petitioned about the Wrangell-St. Elias stuff in BC. The Windy Craggy.

I guess Pioneer, Taskeo, and the like will get a bit of attention. No doubt posters here have their favourites in this category.

EC<:-}



To: Nikole Wollerstein who wrote (8727)4/1/2006 10:59:40 AM
From: E. Charters  Respond to of 78414
 
When you look at the market cap of ODX, 16 million, and the grade -- it is pulling, 105 metres of 1.05% copper, you have to wonder. Granted 6 million tons of copper sounds tiny. It is only $334 million CDN or so. But oxide copper is dirt cheap. All you need is a mill and an acid plant and you can throw electrolytic copper out the back door at pennies on the dollar.

There was a group who failed to get going on a thing in Alaska with 11 million tons of oxide copper ore, but they were working a few years back at much lower prices and in a much colder climate, both environmentally and investimentally.

I am not sure the levels they have to get to before the market will surge grandiosely. Maybe ten million tonso, hard to say. They have other resources in the area, so perhaps all in all the critical mass does not have to be overwhelming.

EC<:-}