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

To: Proud Deplorable who wrote (59615)	5/22/2008 5:50:30 PM
From: Rocket Red	Respond to of 78426

its not a flooded property there drilling under ground and deep holes from under ground are at the lab.

To: Proud Deplorable who wrote (59615)	5/22/2008 6:39:16 PM
From: Rocket Red	Respond to of 78426

More like Lack of news from SNS along with crappy junior market has sent the shares down were there are. Its called bargin hunting by the brave gamblers here. When it turns the brave gamblers can give those shares back to those who didn't see the bargin today.

To: Proud Deplorable who wrote (59615)	5/22/2008 9:44:10 PM
From: ogi	Read Replies (1) \| Respond to of 78426

Flooded property? No, flooded section of a huge underexplored mine and the flooded section is not the target. The whole theory with SNS's Crescent mine is that historically they went after only what they knew and missed all kinds of mineralization above the deep mined tunnels. Last years drilling confirmed the theory. There are about zero abandoned mines that don't have water in them, de-watering is a common practice. From the Research Capital Report on SNS's website: "In its day, the Crescent was the highest grade silver mine in the valley, producing 25 million ounces of silver from less than a million tons of ore. The remaining reserves of 395,600 tons of ore grading 23.7 ounces per ton silver ( 9.3 million ozs) are currently underwater and require pumping prior to access and are not considered an economic resource at this point." They go on to say: These resources are not 43-101 compliant, are currently underwater and are considered immaterial to the valuation of the company until such time as additional resources are outlined in the upper area of the mine that would justify de-watering the flooded sections and substantiating the resources." Furthermore they go on to say: "The success of the Crescent Mine will fall on the exploration success of the new management team and its quest for a new orebody. The company believes that the exploration model used by the previous operators was based on the geology of the Bunker Hill Mine, which is similar to, but not the same as the Crescent Mine." So the whole point is not accessing what they know is there and underwater, the whole point is to find what they missed in the past between the deep flooded section and the surface. So far so good for SNS,they have proven high grade ore in the middle section of the mine, they also have the most experienced geologist in the valley on board. LOTS OF RESULTS will be coming in the future. Cheers, Ogi