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

To: koan who wrote (45426)	7/23/2007 9:47:49 AM
From: Nostradameus	Respond to of 78419

There is value... not a 10 bagger though !! They closed it because difficulties with recovery and low zinc and lead prices at that time. Blue Note bought new Isa machines ( Xstrata technology ) to improve the recovery. They refurbished the mill also. With Zinc and lead at abouce 1.50 $ they should make a healthy cash flow. A lot of shares out but Octagon evaluated the NAV at 1 $ per share and it was with lead at 0.60-0.70....if I remembered well. BN is a good way to be in the zinc and lead. Not a multi bagger but can give a nice % on the money.