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

To: loantech who wrote (10145)	5/1/2006 4:06:20 PM
From: jackjc	Read Replies (1) \| Respond to of 78421

MMGG: I have never visited Sierra Mojada. I understand the 45 or so old mines were formed by sinking a shaft and drifting if they did not find hi-grade silver-cu immediately. You can walk a zigzag path N-S the entire length. The removed material has been roughly estimated at 10 million tons. There is very little dump material at the mines compared to the huge amount removed. There has never been a mill there, and there is a rail line. In order to be worth all that effort the direct shipped ore grade would perhaps need to be 30+ oz/T equivalent or so minimum. And silver prices were .25-.90 during much of that time. Is there any hi-grade silver-cu left with maybe 10MT or 300M+ oz taken ?? and what about all the lower grade that was ignored but would be extremely economic today ?? Now that the zinc fease and mine plan is going full bore with the eng firms, MMGG can devote some effort to find out. I have heard of no other instance of direct shipping to smelter of such an ore tonnage. If proven by further work, a flat lying tabular deposit might make use of mechanized high volume mining, a possibility. Amex: I understand that the Amex is actively seeking suitable companies and that listing can be relatively rapid. GGC: Tom, I think GGC and just about all the silver jrs are going to double, and a lot lot more. And it will take a higher silver price and building of public interest to get there. GGC has chosen to develop their own entire silver district rather than pursue other projects with lesser economics, (Though they keep looking). Districts such as theirs have had total production of 500M-1.5B oz, and usually at least one very big deposit. So there is plenty of possible upside left and they are methodically progressing on the exploration and production, and may well surpass others making big production promises. Disclosure: I hold large positions in MMGG and GGC.