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


To: 4C who wrote (15806)7/11/2006 11:53:40 AM
From: koan  Read Replies (1) | Respond to of 78419
 
STF, I have heard that before, but why would they run 8 drills if they knew it was fruitless from the beginning. Maybe they are hoping to find easier stuff?

PAX is a tricky one to figure out.



To: 4C who wrote (15806)7/11/2006 5:04:14 PM
From: onepath  Read Replies (1) | Respond to of 78419
 
"Although the PAX news looks good on the surface, check and see how deep these discoveries are. They are very deep underground, which raises the question: Can they get it out? I believe with these numbers open pit is out of question.

I have bought Pax because I firmly believe the hype surrounding the size of this deposit will double the stock price and maybe more considering Zinc is in short supply. But I think once into feasibility study, they would have problems. How much of this can they get out, who knows...But I don't think it is anywhere near what they claim is there, JMHO"

A lot of good questions but that kind of applies to every exploration play.The key is as you say the "hype surrounding the size of this deposit". It is huge and size can cure a lot of the other sins.Also agree it will go higher as more and more become known about what they have and as Zinc supplies drop but were I do disagree is in that you feel they do not have anywhere near what they claim is there.The results so far are the results.I think they are above board and the potential upside makes this a worthy spec.