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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (913)5/27/1999 10:14:00 PM
From: average joe  Read Replies (2) | Respond to of 1172
 
Date: 1999-05-27 18:57:46
Author: Jiri
Subject: Yorkton Facts

12.5 million possible tonnes, i.e. not recoverable tonnes
and not even proven tonnes. $400 a tonne value? That is
twice the value of the best dyke mine known in the world!
Why pick twice, why not say $2000 a tonne, because with the
actual recoverable tonnage that is in place they will need
that kind of value to develop a mine. You just don't seem
to get it, "how rich it is" is only half the equation it has
to be "big". How big? It needs to be big enough to recover
a hell of a lot of profit not just break even, but payback in
three to five years and then operate profitably for another 15
years. Sorry I don't think you win a good cigar. However for
pumping and dumping you win a Mexican rolled Habana - LOL jiri