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: ogi who wrote (57317)	3/5/2008 8:41:32 PM
From: Zincman	Read Replies (1) \| Respond to of 78419

Thanks for the great update. I too enjoy my conversations with Randy. Great guy. ZM

To: ogi who wrote (57317)	3/5/2008 10:22:58 PM
From: TheSlowLane	Read Replies (3) \| Respond to of 78419

Ogi - excellent summary of Randy's remarks. Also, he said "The new web site will be up tomorrow." And it was. So maybe he got his watch fixed. <g> I was intrigued by what they've come up with in Veracruz. The 500+ samples in the lab will give us an even better picture of what the initial channel sampling is showing. Looks purty, too. <g>

To: ogi who wrote (57317)	3/6/2008 6:25:42 PM
From: TrueScouse	Read Replies (3) \| Respond to of 78419

ogi: Great update on CKG -- thanks! And of course for the excellent wine on Sunday evening. :^) Sorry I missed the presentation for your 2007 stock pick! Just a quick addition to your CKG comments... I also spoke with Randy and it's clear to me that he sees the project economics of both Phase 1 and Phase 2 improving considerably. It's early days in terms of the feasibility studies on both, but I sensed that Phase 1 cost per ounce could drop below $400 and Phase 2 below $500, which is a far cry from the $600 to $700 figures being used when they first acquired Metates. When I asked Randy about the dilution from the A shares, he admitted that he had been a bit shocked at the speed at which this happened. But he stressed that this was an essential part of the deal to secure Metates, and a $900 POG is far more important to the eventual value of the project than the short term dilution due to the A shares -- especially if the costs of production come in at much less than previously thought. So, especially with the conversion of the A shares, CKG continues to be by far my biggest holding, and I'm even more comfortable with that than I was a week ago. Best regards, Howy