InvestorsHub Logo
Followers 1
Posts 35
Boards Moderated 0
Alias Born 10/10/2011

Re: lmcat post# 19506

Tuesday, 10/11/2011 1:07:53 PM

Tuesday, October 11, 2011 1:07:53 PM

Post# of 60143
I have no idea what point you are trying to make. It is true that in the jr sector the greatest price appreciation comes at the time of discovery and the development of a reserve. CM has many areas to explore and the best spots may not be where Newmont or BHP conducted their activities. Those are not junior companies and their work would not have impacted their share price unless they were putting together a world class deposit. The results they pulled would get some attention if a jr company drilled them. At this point there is no good understanding on ore controls and as more drilling is completed those understandings will come. As SUNGRO develops the ounces in the ground or pulls long intercepts of +1gpt material they will move in price. There is no need to talk of mining at this point as there is nothing to mine. That will take additional drilling and success. It is not a slam dunk that there is a mine there. Give it 2-5 years of continuing exploration and than you will know the answer to that. If it turns out there are 10 million ounces at a high grade, all of your issues will be addressed as the value in the ground will justify the costs of mitigation. If there are 250,000 ounces at a low grade it will sit and not be mined.

The whole St Helens thing is a ploy to distract. When material is exploded 10s of miles into the atmosphere it goes a long ways. If it is blown of the millions of miles of dirt roads in the world is does not have the same impact. With regards to the dust issue the prevailing winds are west to east. As CM is west of Owens lake the dust issue should be minimal. The location of the current known mineralization should not impact the lake or wildlife as the area does not drain to the lake area.

You do have some good points re permitting et al but it is to early in the game to know what issues there will be and how they will be dealt with.