Value Microcaps Junior Miners

[dr_airtime]

MND.TO - ran into IR guy....

...Greg on the street in downtown Vancouver as he's in town for a Sprott resource conference. Talk to him every year in January.

Low down is that the Cerro Bayo vein collapse was a freak accident and was really a flood caused by a geological event, not a mine collapse. Basically the portal was 75m back from the lake shore (50m was legal minimum requirement). A fault near the entrance collapsed and created a new bay in the lake behind the mine entrance, then water then flooded into the portal trapping the two miners as the lake expanded. It was not a mine collapse and there was no way to predict it. It's a tragedy of course but not the end of either Mandalay or Cerro Bayo since the flooded vein only had 14 days of reserves in it.

I bought at $.60 before the mine collapse and added last week around here. I would bet there will be an opportunity in the next 12 months to sell at $.80 for a double. MND.TO at $.40 today.

Costerfield and Bjorkdal are performing better than ever. Future looks bright for Bjorkdal as they just produced 7000 ounces in June (i.e. 84,000 ounces run rate) and announced some nice drill results. Market hasn't really heard this yet FYI.

Checkmate - as an update they are not using optical ore sorting here yet but are considering it. There is a capex cost of course so need a big mine life to justify I would guess.