oh dear I hit a raw nerve
lets get the facts right friends:
ATV: JORC 1.2million ind/inf gold resource ( equiv to 60 million ounces of silver. Production planned by end 09 90,000 ounces pa ( equiv to 5 million ounces silver pa). Run by two of the best gold executives in OZ who built a company from nothing to a billion dollars in the 90's (Plutonic)in WA goldfields doing open cut gold.Best value gold play in Australia.
MCO :about to release first JORC in 4 weeks. richest gold mine in Australia in the one of the most underexplored yet most highly endowed goldfields in OZ., average grades 1 ounce to the ton historically. Based on recent JORC from CGT expect JORC in the range 500,000 to 750 ,000ounces on extremely limited drilling. toll milling commencing within weeks, cash flow positive within months. Potential upside 10 million ounces gold ( 500 million ounces silver equiv. tight capital structure, no further capital rasings required. sensational upside potential of over 2000% next three years
SVL
in production within 12to 18 months. the grades are so high all they need to do is dig it up , put in the back of a truck and ship it to a refiner. expect at least 1 million ounces at 50 ounces to the ton, within a JORC of 3 to 5 million ounces and limited drilling in bonanza lode country. cash in bank $3million, market cap $5mllion. First million ounces should generate $5 million profit
meanwhile back at the heap leach...
I backed MMN since 2000. at one stage had 2 million shares and options. no longer a shareholder.
better form elsewhere
tell me one thing. Did MMN high grade the heap leach, If they did the best near surface high grade zone has been wasted?
MMN
macmin silver ltd
