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Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (337)7/31/1998 3:12:00 PM
From: Stew  Read Replies (1) | Respond to of 401
 
I was "smart" and waited until it backed off to $8.00 before I bought mine! :?(



To: Famularo who wrote (337)7/31/1998 4:04:00 PM
From: Elizabeth Andrews  Read Replies (2) | Respond to of 401
 
The San Nicolas deposit appears to be uneconomic as an open pit and the hi-grade zone is not big enough to support an underground mine. Also, metallurgy is a big problem as gold and silver recoveries are not very high. Also complex and more expensive mill circuit than most poly-metallic ores. Needs a finer grind. Stock is probably going a lot lower.

The other property doesn't have continuity and will probably disappoint WTC shareholders.


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