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

To: loantech who wrote (53745)	12/4/2007 9:55:47 PM
From: E. Charters	Read Replies (1) \| Respond to of 78434

I think the trouble is they are doing feasibilities with a computer and a committee, and the people doing it have never operated a mine of the type they plan to mine successfully. Galore Creek and Ocampo need to be rethought as to methodologies and scale. Or maybe they are mineral occurrences that are just too low grade to mine. Or maybe again they can mine them but not all of them. I know of vast areas of copper in the Archean in granite that probably run 0.25%. But being on the edge of river systems etc.. I just know the whole scale thingie would defeat just about any plan to try to make money on them. Galore has a little bit of gold. What costs so much about the tailings pond I would really like to know. I think some of these companies just like to spend a lot of money to prove they are big and scary. I saw that with a Timmins tailings pond project. I could have got 75% recovery with a $7 million dollar podunk on-the-pond recovery apparatus. The company spent $80 million or more on a deal where they pumped the tailings 3 miles at 40 below to a mill that oxidized the tailings so nothing would float them, not even a reverse Titanic. With 25% recovery and a frozen tailings (input) line they went bankrupt. It is this kind of thinking that scares me about letting big money and no brains control any kind of mining operation. If they can't fix their own car in a garage, I would not give them the keys to a feasibility computer. EC<:-}