Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Bilecki who wrote (3005)	4/18/1999 7:38:00 PM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello Paul If you are referring to the possibility of the Munn Lake kimberlite being a large pipe with a small surface exposure, yes, if that were to be established, its likelihood of being one of three economic pipes would most assuredly be increased significantly. However, if you recall, what I have said repeatedly as regards this issue is not that Back Lake won't be a significant mine, only that the "odds" do not favour it. I always refer to the issue of "likelihood" or "probability". In other words, going to the plate and batting 3 for 3 (Back Lake) is one hell of a lot harder than batting 3 for 40+ Yamba Lake. If Back Lake has three pipes, they most probably will be higher grade (J-10's) than those at Yamba Lake, but then Yamba's value per carat may be higher. There are 50 different variables that all enter into what will make of break a mine decision, but the Market's bottom line and most fundamental issue never changes, having enough economic ore to support a significant mine. At the end of the day, that is all that the Market wants to know. Everything else in Mineyanna (sp?). Good luck with WSP but be careful. Regards