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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?


To: Robert who wrote (128)6/4/1998 5:11:00 PM
From: marcos  Respond to of 578
 
minefinders.com - easier to read in this form

minefinders.com - there's the previous one

04/06/98 - "Grade-tonnage tables were tabulated for gold, silver, and gold-equivalent blocks above cutoff grades of0.3 g/t, 0.5 g/t, 1.0 g/t, 2.0 g/t, and 3.0 g/t. Only the 0.5 g/t AuEq cutoff is presented here although the 0.3 g/t and 1.0 g/t AuEq cutoff grades will be considered during the economic evaluation of the deposit."

18/08/97 - "At 0.015 oz/ton cutoff: 27.84 million tons; average grade of 0.038 oz/ton (1.3 g/t) gold and 1.38 oz/ton (47.3 g/t) silver equal to 1.56 million ounces of gold-equivalent
At 0.008 oz/ton cutoff: 43.46 million tons; average grade of 0.028 oz/ton (0.096 g/t) gold and 1.05 oz/ton (36.0 g/t) silver equal to 1.8 million ounces of gold equivalent."


After a grand total of ten minutes studying it, I'm confused too, but it does sort of look like they upped the cut-off. A more conservative approach for public release, maybe. See how they explain how they work out 'gold equivalent'?

I sure like their style, the amount of detailed info they put out, but it looks like we're going to have to learn geospeak to understand it. No time for that here right now. The market wasn't totally impressed, but I'm not sure that means much, as 'Sell the news' is more and more the trend in the juniors now. Not important to me personally as I see this one as a buy-and-hold, two-year term roughly.

It'll be interesting to see what Claude has to say ......... cheers ...... marcos



To: Robert who wrote (128)6/9/1998 10:50:00 PM
From: Raymond M. Mullaney  Read Replies (1) | Respond to of 578
 
MFL on www.bostonmining.com top 10 list, I am associated with the company so I am not impartial, that said, MFL has published an independent report from a conservative engineering firm who is operating in a highly regulated and litigious environment. The new numbers are drill indicated and drill inferred. These new numbers have more weight to them in the sense that they have been subjected to a much higher standard of analysis than the previous "resource study" reported. The Dolores mine is advancing very well. See my web site www.bostonmining.com and CALL me at 800-337-0677