InvestorsHub Logo
Followers 1
Posts 90
Boards Moderated 0
Alias Born 07/20/2008

Re: None

Sunday, 12/07/2008 5:36:48 PM

Sunday, December 07, 2008 5:36:48 PM

Post# of 52
If you have a stomach for speculation you might want to have a look at Bard Ventures (another Moly play but based in B.C.)...their drilling to date has yielded some excellent results with one hole having >0.10% Moly for greater than 500 metres!...and they have excellent existing infrastructure...they should have a 43-101 resource report by January. I am currently also looking at Minco Silver...they are a Canadian Company exploration company with a flagship property in China that has an indicated and inferred resource of 150 million oz. of silver (almost 5oz insitu per share at a current SP of $0.42 CDN)...they are estimating an extremely low startup CAPEX of less than $60 million, and plan to produce (by 2010) 4.9 million oz per annum, at a cost of $2.40 US per oz....based on a silver price of $12.40 per oz (hopefully not an unreasonable price by 2010), project payback expected to be 1.7 years... http://www.mincosilver.ca/i/pdf/FactSheetOct08.pdf
Cheers, Luker