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Gold/Mining/Energy : Canadian Rocket Red's Picks -- Ignore unavailable to you. Want to Upgrade?

To: sageyrain who wrote (8778)	9/17/2006 5:34:35 PM
From: Rocket Red	Read Replies (1) \| Respond to of 19697

Yup Sandstone provides a nice base in which lakes form above holding in the water

To: sageyrain who wrote (8778)	9/17/2006 8:03:03 PM
From: teevee	Read Replies (3) \| Respond to of 19697

sageyrain, the sediments and volcanics were deposited in an extensional geolgocial setting. They are undoubtably riddled with faults and likely not only porous, but very, very permeable. That is the nature of aquifers-porous and permeable rocks. Until test wells are drilled and it is proven otherwise, I will err on the side of caution and I suspect the big mining houses will too. It is impossible to determine what ARU might be worth on a discounted basis until a mining plan is made on a proven reserve. Serious water problems would have a major impact on development and mining costs, thus affecting a discounted NPV. Needless to say, there is lots of information and many issues not yet factored into the "blue sky" everyone sees here.