Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E. Charters who wrote (50130)	10/8/2007 3:19:48 PM
From: jackjc	Respond to of 78419

Good overview of odds of making a mine, worth copying and saving IMO.

To: E. Charters who wrote (50130)	10/8/2007 3:45:44 PM
From: marcos	Read Replies (2) \| Respond to of 78419

Got to Plan-the-Mine and Mine-the-Plan nowadays, or you don't get the money to start it up in the first place ... even Sir Harry would find this the case now, probably ... i do think it's sad you can't drill off two or three years and then build up out of cash flow, but that's the way it is, maybe you could do a small narrow-vein operation underground, shipping to somebody else's mill, but no way could you raise big capex for open-pit and get the economy of scale Excellent post though EC ... on the other one, in re political risk - it's absolutely crucial in most all cases to have the locals strongly onside, this is particularly so in Mexico, and probably most places to the south ... and this doesn't mean just government of the estado or provincia or whatever [in fact in Mex. the federal is more important], it means the actual locals at ejido and municipio level - land tenure for whatever use is set out in the constitution, where the basic ethic started out, and is still supposed to be, Tierra y Libertad

To: E. Charters who wrote (50130)	10/8/2007 4:27:47 PM
From: jpthoma1	Read Replies (1) \| Respond to of 78419

Nice post EC. But it all depends on your definition of "showing". In my book, the probability of developing a mine after discovering a "showing" ("un indice" in french) is 1 out of 5,000 woldwide and much less in the canadian shield (1 out of 1,500 or 2,000 may be). Is a 10 g/t gold content in a 1 centimetre quartz vein grab sample located within Devonian sediments on a 50 years old road cut in southern Québec "a showing" ? It is "un indice" according to me, but is it "a showing" according to your definition? JP