UNICO INCORPORATED (AZ) (fka UNCO)

[DERBENSKI]

buylowe

I suppose that you need to give it the appearance that you are earning your money. However if you were to stick Unico in Lead South Dakota at the mouth of the historic Homestake mine and then claim 125 years of historical mine production would that benefit you? Fact is that the Homestake mine is no longer a producer and last I heard they were going to turn it into a lab.

http://whyfiles.org/shorties/134gold_mine/index.html

A mine is not the equivalent of an acre of farmland where you can sow seed each spring and reap harvest. A mine has a beginning called a "portal" and an end determined by "when profitable ore runs out".

May I suggest that you spend more time reading and digesting the history of the Old and New DT mines? Remember the terms "structurally controlled" and "sharp contacts with the country rock". Is there additional ore to be found on the DT property? Unico alludes to that if there is a significant ore body it is likely to be found in the 8600 area of the mine and states "logistical problems" is my read into it. You read the following paragraph and come to your own conclusion.

"Behre Dolbear will assist Deer Trail with judgments and potential approaches to exploitation of the Toroweap Sandstone in the 8600 area of the PTH adit. (It appears that this area has the greatest potential for hosting high grade, large tonnage mineralization at the Deer Trail Mine. That area is, however, the portion of the existing workings that is least accessible for mining in the near term.)"

But isn't that where the old miners left off? Would it not make sense that that is where they should be restarting operations in the first place if they are to restart? However one should read the filings and observe that this is not virgin territory either.

"The tunnel next encountered mineralization at approximately 8,600 feet, where the tunnel encountered the continuation of the Deer Trail ore body. Several thousand feet of drifts was driven to explore and exploit the deposit. An internal shaft was driven 250 feet to gain access to the shallowing dipping ore where three more levels were established. Again several hundred feet of drifts, stopes, raises and winzes were driven to mine the ore body.

"Water was encountered in the 280 winze and pumps were installed in order to continue mining. Mining was stopped in 1981 due to lack of processing and smelting facilities. The present face in the 280 area is still in ore. The width of the face was increasing as well as the value of the ore. A raise to connect the PTH workings with the Old Deer Trail Mine was started located approximately where the PTH Tunnel crossed the 18 North fault. It is presently up 140 feet."

So far Unico has presented no plan, drawing or map of this ore body which they think is there and by all available data seems to be the most logical place to restart mining operations.

A mine is not built around a mill, a mine is built around mineralization. Throwing out a continual stream of pictures of the mill progress is nice but INVESTORS want to see MINERALIZATION, not mill pictures.

Here we are with the mill on the verge of completion and investors have no process flow diagram of the mineral recovery process, no imput grades and no expected rates of recovery.

Mining is a "numbers" business, not a "pictures" business. At this point in the game we should be able to pound out some numbers on our calculators and come up with some kind of revenue projections but all we can do is pound our puds and observe the latest round of pictures of mill progress.

Derb