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

To: Frankly Speaking who wrote (27955)	12/18/2006 1:05:48 PM
From: loantech	Respond to of 78424

Doug A. too! <G>

To: Frankly Speaking who wrote (27955)	12/18/2006 1:17:34 PM
From: E. Charters	Read Replies (1) \| Respond to of 78424

Just because the Chelekis-one once pumped them, does not make them bad, necessarily. It might make you suspicious, ok, but it is not carved in Mount Rushmore. It is carved in Table Mountain. CQC has threatened to make a mine for years now. It is strange to see a mine in production at these capexes. It cannot be that bad. Gets as much respect as that Mexican slow boat, Kimber -- another sleeper. When we get our million ouncer in production will we only be 20 cents? It gives one pause I admit. Another miniscule capex with a creditable resource is Tribute. A big 1.5 million tons of mineable copper zinc and it is languishing in the 20 cent range with 50 million shares out. Could it be the John Harvey effect? In fairness to the bidder, it has to be admitted that as good as their grade is, you generally need bigger deposits these days to build a sulphide mill, even given the higher prices. No way ten years ago. Now it is starting to look interesting. They are near road and power line. But the majors are the only ones interested in base metals and they like to see something within 400 miles of a smelter, with enough tons to pay a mill back 10 to 20 to one. More than ten seems to be the factor these days. Tribute is not bad in zinc. They release every doggy hole, and it seems like they are not expandable at times. Their core deposit is of generous grade. If they could double tons, it might go to feasibility. It may take deeper drilling. It was found by deeper holes from the get go after Noranda? (Falco?) had walked on shallower probes. Not that wide a structure, it is still bulk mineable. EC<:-}