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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 (14197)	6/23/2006 1:31:20 AM
From: Mr. Aloha	Read Replies (1) \| Respond to of 78411

I think they'll find far more than 7.5 bill lbs of zinc equiv. The 5 bill lbs the 3rd party proved out last year used a very conservative 5% cutoff. With zinc averaging 2 buck a lb, they'd probably be able to use around a 2% cutoff, increasing significantly their mineable zinc. The other zinc they've found could be huge, plus they have a huge amount of property they haven't explored yet. The silver they have could also be huge, but needs more drilling to define the size. They'd probably go 60/40 debt/equity to finance the build out, so the dilution would likely be far less than that, and should be at a much higher price after a successful feasibility study. This report talks about $100/share, but at this stage, there are lots of unknowns (who knows what zinc will average in coming years?): silverstockreport.com