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Re: ddwalker87 post# 6282

Sunday, 07/16/2006 4:13:21 PM

Sunday, July 16, 2006 4:13:21 PM

Post# of 78703
Its a smaller property with Gold on it. The digging will be faster because the coverage to find it is smaller. Think of it like this...would you rather dig in the Grand Canyon for gold even if it holds more or would you rather dig in your back yard for gold. You could cover your yard faster and get the cash faster. Then Once cash is in hand you would Acquire a bigger property that has more gold but you'll have mor etime to find it. If they can pull 60,000 ounces as estimated out of the AZ property and multiply that by $700.00 a ounce well you can do that math. Then once cash comes in they can aquire BIGGER mines with more gold so that the cash flow comes through. Right now the smaller mine was acquired to get cash generating faster and to take advantage of Gold prices.

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