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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (156076)	4/29/2009 7:25:17 PM
From: robnhood	Respond to of 312685

Thanks for the call Marcos. Got me a few at .45. So far so good.

To: marcos who wrote (156076)	4/30/2009 12:03:37 AM
From: emrs1	Read Replies (1) \| Respond to of 312685

Hi Marcos, thanks again for the heads up on KTN. I have a fair shot of Skygold (SKV) which has as its core asset the Spanish Mountain gold property (Main Zone has M&I of about 2.6MM oz at a .5 g/t cutoff with room to grow). Lots of work to do on economics and metallurgy etc (company suggests prelim work indicates 88% recovery using bulk flotation followed by carbon in leach -- the economic and environmental significance of which I do not pretend to understand but 88% seemed reasonable). After their merger with Wildrose last year they now own the entire project, which can't be a bad thing. And to boot they are not far from infrastructure -- although that infrastructure is all in central BC... which brings me to my question: Over the past 6 weeks CIBC has sold about 6MM shares, mostly to Anonymous, Merrill Lynch, and TD. I am wondering if this might be conceptually similar to the KTN situation (motivated seller giving us all a shot at a bargain)? Or does a previously committed someone reasonably expect that Spanish Mountain will never become a mine no matter how much gold they may have in the ground? You have commented on mining in BC, which is why I am addressing this post to you but of course would welcome anyone else's thoughts on this company, especially the likelihood of it getting permitted given where it is.