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Gold/Mining/Energy : ECU Silver Mining Inc -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (257)	3/10/1999 6:38:00 PM
From: reg	Read Replies (2) \| Respond to of 672

ECU need's to tell us what their recovery rates are when they put out these news releases. Is silver 60% or 85 %? Ditto for gold. We have no idea on cash flow if we do not know recovery rates. The low silver grades probably spooked investors today. Less than 3 ounces per ton even with decent recovery rates. I wonder how difficult it will be for them to boost grades and maintain tonnage. This is what sunk Madsen Gold in Red Lake. They were running too much rock through the mill and could not get their ore grade up. The guys mining the ore have to stay on seam and pulling out 1000 tons per day is no small feat. On the bright side of the release the gold grades are excellent.