UNICO INCORPORATED (AZ) (fka UNCO)

[NYBob]

Keep in mind -

ex....
another old Gold Mine Story:
I been in since Rob wanted to make a wildcat hole -
from the bottom -

a short snibbet from it -

At the end of 1994, the Red Lake Mine -
in Northwestern Ontario was a marginal operation.

Whilst it had operated since 1948, it had been starved
of capital and its performance had always been
over-shadowed by its “wealthy neighbor” to the west –
the Placer Dome Campbell Mine.

Conventional wisdom said the Red Lake Mine -
was finished an shut it down for it was out-mined they said -

Robert challenged this belief and at the beginning of 1995,
a $7 million exploration program was initiated -
that lead to the discovery of Goldcorp’s high-grade
zone of gold mineralization.

This was announced in March 1995 and the grades were
incredible – nine holes -
averaging 9.08 ounces of gold per ton across 7.5 feet!

The mineralization was discovered at a depth and
location previously thought to have no potential -

In 1996, the Red Lake Mine produced at an annualized rate
of 53,000 ounces of gold at
a cash cost of $360 per ounce.

At the same time the neighboring Campbell Mine -
was one of the lowest cost gold producers in the world.

In 1996, it produced 320,000 ounces of gold,
which was six times Goldcorp’s production.

Campbell Mine’s cash cost was $136 per ounce or only 38%
of Goldcorp’s cost, and its gold reserves were almost
three times larger than Goldcorp and the grade 68% higher.

Goldcorp’s high-grade gold discovery has grown to more
than 4.4 million ounces of reserves.

It is forecast to produce 555,000 ounces of gold for the
twelve months ended December 31st, 2005 at a cash cost
of less than $100 per ounce.

Btw. to find gold - you start to look at -
were it was found before -
never degrade the old timers -
they had to make a living -
often with chisel and a sledge hammer -
didn't stay to long if the pay was no good -

Silver bromide, galena, pyrite, gold ore specimen from
the Deer Trail gold mine located near Cottonwood Creek
in the Mount Baldy district of the Tushar mountains,
near Marysville, in Piute County, Utah -

dd...ex. http://cgi.ebay.com/Gold-Ore-Unico-Deer-Trail-Mine-Marysville-Utah_W0QQitemZ160177740283QQcmdZViewItem

ex..dd..
http://www.unicomining.com/investments/1997report.php
Imo. Tia.
God Bless America