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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 (14568)6/27/2006 9:46:52 AM
From: vireya  Read Replies (1) | Respond to of 78416
 
Is Pax able to get the ore to market easily?



To: LoneClone who wrote (14568)6/27/2006 10:23:09 AM
From: onepath  Read Replies (1) | Respond to of 78416
 
"The one thing I'm worried about with PAX is that I am hearing rumours about the host rock quality making some sections of their deposits that are not surface-minable also not amenable to underground mining."

I saw that somewhere as well.But size cures all.They have only drilled up a small portion of the deposit and what they already have is huge.Because of the location etc. the only bet that works for me is that they will get much bigger yet and sell to a major.Not overly confidant that PAX mgmt could make a mine on their own.To big and to much money involved.I have some shares and will see what all the drilling does.