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Re: stervc post# 63246

Wednesday, 11/21/2012 6:10:20 PM

Wednesday, November 21, 2012 6:10:20 PM

Post# of 167964
So stervc, from what you wrote it seems like you are saying the following is a good thing. There is nothing to lead anyone to believe that there is any value in Cinco Minas:

Tumi Resources confirmed huge value from the research of the Cinco Minas property and that a "scoping study" as indicated below was done…

http://www.prnewswire.com/news-releases/tumi-resources-limited---tumi-abandons-the-cinco-minas-project-jalisco-mexico-54443987.html

…Although a resource was established for Cinco Minas, the results of a scoping study previously undertaken by Behre Dolbear (see press release dated June 4, 2004) indicated a very high strip ratio for an open pit mining operation, such indication having been confirmed by in-house studies performed by the Company's technical consultants.

A very high strip ratio is EXTREMELY bad in surface mining. Plus you left out the following:

Additionally, a review of an underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly when having to deal with a large number of historic open stopes.

High ratio for surface mining and dangerous mining conditions for the underground mine AND here is the kicker,

a review of an underground high-grade mining option gave resource numbers too low to be of interest to the Company

Where do you see anything good in the Tumi press release?

The low reserves and the poor mining conditions are the reason Tumi wrote off $3 million and abandoned Cinco Minas and why it is still abandoned.

IG