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Re: callers post# 3195

Friday, 02/01/2013 9:16:09 AM

Friday, February 01, 2013 9:16:09 AM

Post# of 14330
That's probably cost per oz, and that is hefty. I don't believe the Esmerelda mill was ever intended to be a long term solution, but works well enough for the trial mining phase. The mine would be more attractive for companies that already have extra mill capacity in the area around Elko. I've visited the area around the Esmerelda mill, beautiful country (Mark Twain wrote Roughing It about his stint as a gold miner in that district). At any rate, Esmerelda neighbors were complaining about GBG trucks tearing up the gravel road (GBG says the route is 80% highway but the back end of that route that I saw is out in the middle of nowhere. But Hollister is big enough with great grade to justify it's own mill closer to the mine, or bet yet feed an existing mill owned by a strategic bidder. Of course, with any auction, you need two motivated bidders.

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