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 : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. -- Ignore unavailable to you. Want to Upgrade?

To: Gramps who wrote (317)	11/24/1997 6:10:00 PM
From: Al Cern	Respond to of 444

Gramps, My estimate, which is based on 1000 tons/day of AKA's reserves milled, with $200US cost and $300US price of gold gets me close to earnings of $0.50CDN/yr., three years from now. Based on what 40 holes have produced, and what the geologist knows, and the inferences to increasing reserves with some extra drilling, without even leaving the present drilling areas, I think we can assume a longevity of six years without any question, and probably a lot more. The thing to do is start work on the decline, keep drilling until the size of the deposit is defined, or is big enough to interest investors. Just the fact that something is happening (hopefully), is pretty good scenario, given the state of this sector generally. I just wish I could buy more. Sincerely, Al Cern