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

To: Explorator who wrote (54542)	12/23/2007 4:36:34 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 78428

I would suggest that you use the higher cut-off grade to evaluate this resource. 0.3 g/t Aueq is a bit low. Also consider that SNN has 51% of the deposit. On that basis, SNN has 1.62M ounces of gold equivalent in the M&I class on its account. Still, interesting at this current price. Other similar play is Geologix. The best in this league right now is likely to be Canplats. But it is no longer cheap. On the other hand, it is still blue sky. The one with the largest resource is Chesapeake Gold with 33M ounces of gold eq resources in the historical category. But here they need to make it (or part of it) economic. Not sure yet.