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Re: retiredyoung99 post# 11056

Wednesday, 12/21/2011 5:23:40 PM

Wednesday, December 21, 2011 5:23:40 PM

Post# of 17231
This is a good time to have producing mines on patented claims that have not even being explored to their probable potential.That's the beauty of the claims package.It could take several years just to finish exploring them,let alone the property where a new mine would be developed. I still believe the door is open to acquisition because ,they have known claims where the status can't change ,so there really is no reason to rush into more complicated and expensive underground mine development. Sure your aware ,Open pit projects cost a lot less to construct. I do think that they could do minimal amounts of drilling on some of the greenfield they have,if only to assure shareholders of the longevity of the claims package.Not a priority but new resources away from the Galena and Cour would help the share price,showing investors the magnitude of the land package. On the other hand,drilling between the Cour and the Galena should take precedent .Too many people get drawn into micro caps with large resources ,failing to understand the enormous difference between resources and reserves.

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