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 (59658)	5/24/2008 12:13:21 PM
From: Metacomet	Read Replies (1) \| Respond to of 78424

Kinda makes ya appreciate what Roxmark has that much more, don't it....

To: E. Charters who wrote (59658)	5/24/2008 2:25:29 PM
From: AuBug	Read Replies (2) \| Respond to of 78424

Wow! Drilling's cheap up north! $8,095,000/241,209 ft = $33.56/ft. I've heard core drilling is more like $100/ft. A year ago a Nevada geo told me he was paying over $200/m = $60.82/ft and costs have done nothing but go up. Even still that's 133,098 or so feet of drilling. So what would you do if you were [t]VIT[/t] and you thought you were going to find enough ore to mine it? Which path would get you to a "positive feasibility study" the fastest? I'm thinking that with [t]KGC[/t] owning 27% of [t]VTSRF[/t] shares and [t]NEM[/t] having a back-in agreement they'll keep Cove-McCoy their top priority but I don't know if really makes sense to go under ground now that you've explained how expensive it is. Maybe [t]K[/t] and/or [t]NMC[/t] will foot the bill to expedite the project. "Victoria is earning up to a 100% interest in the Cove-McCoy project through annual work commitments, such interest being subject to a back-in right in favour of Newmont Mining Corporation for a 51% interest or a US$1.5 million cash payment to Newmont and a maximum royalty of up to 5% upon the delivery of a positive feasibility study completed by Victoria." A bit dated site I hadn't seen before. I like their enthusiasm: VICTORIA RESOURCES-A NEW CHAPTER OF NEVADA EXPLORATION HISTORY? wallstreet-online.de