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

To: UPTICK who wrote (36339)	3/20/2007 12:05:27 PM
From: E. Charters	Read Replies (1) \| Respond to of 78412

Someday it might. It is getting its ore picture together. So far is only has a few hundred thousand ounces at Chester and a few thousand at Espanola, but it is accessible, good enough grade ore and the field management is competent and practical, with a mind to finding a way to produce from these bodies. I don't think you are going to see ten bucks and I believe Condor was being facetious about missing it at 10.5 cents, but I could see a second phase of development later on in the history of this thing. I think they have or deserve to have more momentum based on their resources and their new approach to them. I know they are talking to people who are interested in milling ore in the area. Whether or not they get that together on an equitable basis remains to be seen. The old group was trying to get the thing mined for flux ore basing the lower grade stuff as directly payable as flux with a gold credit. This was flawed as the ore has way too much feldspar and getting that out was not practical. Also mining costs would militate against its delivery. Basically also you would get ripped at the smelter. Smelters aren't a rich uncle. They are in business to make money. Two people have difficulty both doing that off the same product. EC<:-]