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Re: brandemarcus post# 57

Friday, 08/02/2013 9:01:20 AM

Friday, August 02, 2013 9:01:20 AM

Post# of 88
If you look at the NI43-101 reports posted on sedar, both the 06/19/07 report posted under Sterling,and the 12/27/2012 under Sunshine Silver, they both make the same comment- the Sunshine consistently converted to resources to reserves for over 100 years.Being an underground mine, usually due to cost involved mine would only target developing 5 to 7 years reserves at any one time. Note that Sunshine Silver continued using Stelring's exploration plans, and apparently has increased the resources another 25 million ounces.

Sunshine Silver projected a life of mine cost of $14 an ounce ( higher than Sterling's). I note specifically for Chester vein area high grade silver, 22 to 32 oz silver per ton.

As far as Hecla Mining's decision to sell Consil remember the 90's had low silver prcies, and Hecla was battling EPA to survive at that time.

I note some former Sterling employees with sub penny start up First Colombia Gold.