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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Mike Gold who wrote (308)	11/14/1998 8:29:00 PM
From: 1st.mate	Respond to of 1996

Informative questions!!!! Paul

To: Mike Gold who wrote (308)	11/14/1998 9:31:00 PM
From: Francis Scavo	Read Replies (1) \| Respond to of 1996

Mike Look up the Luksic Group for there info. on Los Pelambres. Did not find any ref. of .63 CU, but up to about 1 1/2% CU. Francis

To: Mike Gold who wrote (308)	11/15/1998 3:47:00 PM
From: the Chief	Respond to of 1996

Hi Mike. As it happens, the Los Pelambres has an estimated 3.3 Billion tons of copper ore grading 0.63% copper. The El Pachon has estimated .86 billion tons at .63% copper as reported in the company literature. Some comparision! In your opinion, if Coiron ends up grading only .63% copper, is the deposit even economical in today's low copper prices? What's your thoughts on this and why would Coiron have higher copper values than Los Pelambres? .6% copper is about 12 lbs of copper per tonne. At a cash cost of about .50c per tonne extraction, the only thing that makes it uneconomical is overburden and "SIZE' of the deposit! A 300 million tonne .6% would likely sit dormant for a couple of years until prices recover, because infrastructure costs can be high, especially if the property has no water. So when I mentioned .6% as "your dead" it was assuming an 'average size deposit"! Los Pelambres's mean % value is higher than that,by a mile, but I won't argue that! As we have discussed on the MDIN thread, one of the things that makes a property prospective is how much"thermal turbulence" it goes through. Because of the proximity to a second belt this property went through so pretty big differences in faulting/shifting/heat dissipation patterns/ and magma movements. I think it quite "possible" that we will find high silver/copper migrating into high copper, migrating into high gold/copper through this property. This is why I can't wait for the IP! I think it will show the true "interesting features of this property!! All these things are just guesses. But thats why I find this property interesting! Nobody should invest in this type of stock without appreciating its infancy, however by January we should have some clear info and direction!! the Chief