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

To: LoneClone who wrote (10993)	5/10/2006 10:10:11 AM
From: Proud Deplorable	Respond to of 78414

Yes I noticed this also..hes using zinc in deference to other metal components.

To: LoneClone who wrote (10993)	5/10/2006 10:37:15 AM
From: loantech	Respond to of 78414

Maybe so. I have never met the man so cannot and should not judge but he seems a bit more out there than Morgan or Butler as far as silver goes. But I cannot help but like the floor he has put under MMGG. As far as MMGG goes I think that it has unrecognized merits even at these price levels. It has proven it has the goods in the ground. Sure they are still drilling but they have had 30,000 meters of drilling that show rich mineralization. <Over 5000 samples of the polymetallic mineralization have been collected from the Polymetallic Manto by the Company through 1999. These samples contained an average of 300 grams silver per metric ton (10 ounces silver per metric ton), 0.6% copper, 5.5% zinc and 2.2% lead. Within this mineralization silver grades range from kilograms (31 ounces per kilogram) to as high as 11 kilograms over a thickness of 9 meters (3.28 feet per meter) and copper grades are as high as 4%, which indicates that the Polymetallic Manto contains very high grade silver, copper.> <A second block model of the oxide zinc mantos data has been completed by Reserva International, an independent contractor specializing in resource evaluation. The results, using a 5% cut off grade (using grades greater than 5%) and with blocks of 5 cubic meter dimensions, estimate 17,926,988 metric tons with a grade of 8.78% zinc for the Iron Oxide Manto and estimate 5,431,050 metric tons with a grade of 12.08% zinc for the Smithsonite Manto. In total, 2.23 million metric tons contained zinc metal.> As far as the zinc goes I think but am dumber than a rock sometimes but I would say a 8% zinc per ton is equal to about 250 dollar per ton rock. I need help here. A ton of zinc is worth about $3300. 2.23 million tons is equal to what 6 plus billion? 50 million shares out? We have value here I think.