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

To: Condor who wrote (40110)	5/16/2007 12:49:21 PM
From: E. Charters	Respond to of 78431

Share structure is halve the baddle. The other half is competence and the third half is having the luck to find an orebody. Quite apart from the assumption inherent in the word's orebody, the fourth half is perhaps having a metal market. Nobuddy can denie this in cuivre, le metal rouge maintenant. ness-paw? Some of the stuff they have sounds meagre, in the 0.10 per cent copper range albeit with a bit of gold. In the Atacama it would sound fruity. What they have going is the very generous widths and the low cost of power in BC. You have to look at the distance to power and everything else too. They have mined lower grade copper in BC than anywhere else in the world, a point often missed by people. The reason is cheap water power. The one grade for an average would be superlative. At today's prices they are stating implicitly that 0.3% copper is good enough grade to operate. At 50K TPD they could even be right. One million smackers a day. Add the gold and it might even be profitable. Sounds like a fairly low stripping ratio. It also depends on rock. The Kemess rock is fairly abrasive and the recoveries are low for gold. But each deposit is on it merits. The reason Highland Valley worked was the high grade concentrate from the bornite ore. It also concentrated fairly easily. EC<:-}