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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: Leigh McBain who wrote (1028)	11/18/1998 11:58:00 AM
From: Jesse	Read Replies (2) \| Respond to of 2514

Hi Folks. I'll try to respond to rational and civil comments made here so far: >>There is a rationale for staking and exploring low OB first before moving on to thicker OB locations, BUT only when the indicators of a potential strike are equal, or at least similar.<< Leigh, good point, and no one in their right mind is saying that Marum is exploring their high priority anomalies only because they're under little to no overburden! ;) I think what is being discussed is that the element of thinner OB (glacial till) means the land is not unmineable. Obviously Marum has thought about this since they were first in the region to stake land (~4 yrs ago) & because this is one of president Boulay's areas of expertise (remember, aside from a Geol. degree, etc, Mr.Boulay spent 15 yrs financing open pit mines around the world). Since then, MMU has done a lot of reconn. work etc narrowing in the targets. The tight airmags and field programs haven't been completed just because OB has proved to be thin. It's because of the diamonds found in the area, the various diamond indicator minerals, and various subsequent data-stacks have pointed towards kimberlite, and, because they will eventually be physically capable of mining any deposit found. Further exploration will tell, but make no mistake about it, the goal here is mineable diamonds, of course! :^) ---- Bill, I will see if I can get more legit numbers for crunching. ---- Pete, you make some v.good points: >>Maybe I missed the post where the details are laid out, but any mine that is so much closer to major infrastructure and located in a comparatively mild climate has got to be significantly cheaper to run.<< I guess the main point is the AB advantage of being able to profitably mine with lower value cutoffs, due to AB's superior infrastructure, ammenities, climate, gov't, etc. When you get into such high pre-stripping costs, the advantage can be lost or even negated. Regarding an underground mine, I have read and heard that the overlay makeup of northern AB (muskeg?, mudstones, etc) most likely do NOT make for a feasible underground approach. This would mean open-pit is the most viable way to go. Again, I will check more re. this. --- Folks, facts are facts. This is not actually news to those closely involved. It's just not been discussed much in the public arena. I have been struggling with this for a year now m'self! For any who might seem to take this personally??, remember what RickB. just expressed, "We don't presume to tell other people what to do and we certainly respect their right to disagree with and ignore our exploration strategy." -- -- -- I still continue to hold shares in several ADP participants, less of some than others... Ashton has made remarkable progress in Alberta. I am betting they will have a mine. - Bear in mind that "market plays" are separate animals. Although we should also bear in mind that this market is now getting smarter, and certainly more demanding! - - I'm hoping to bring a lil more info regarding this discussion to the thread. It's hard to, and best not to, ignore the cold facts as we are introduced to them. -- Lots to learn yet, all around. This is an exciting play, with many winners involved! Cheers, -j :> PS, See this page for some background on Marum's staff: marumresources.com PPS, Violetta, I never did thank you for the welcome on the 1,000th post here. Thank you!! Your posts are always a boost! ;^)