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nellocat1

04/13/08 2:44 PM

#53 RE: Bobwins #52

--Thanks for the summary. Looking forward to the finalization of financing and the new resource estimate. I think mine life is one of the issues holding Zaruma down.

YES AGREED ONE MAIN REASON

If they are doing leaching, they have to load up the ore, acidize it and then wait for the acid to do it's work before actually producing copper?

EXACTLY

Do you know if late 2008 startup means mining the ore, loading it on the piles and applying the sulfuric acid or actually producing copper by late 08?

NO FIRST COPPER CATHODE OUT EARLY DEC IMO

Do you know if Zaruma has secured their acid supplies?
GUESS SO BUT IS NOT CONFIRMED BY PAPER
Some mines are reporting shortfalls in production because of a lack of acid. This is a worldwide problem.
GLENCORE SUPORTS ZARUMA, SO THEY HAVE HELP, BUT I ASK

Bobwins

PS 90%???? Omigod! I have 20% in one stock but they are a producing energy company with profits and upside. ZMR is about 4% for me. My biggest copper position. Good luck!

I AM UP far over 100% already and I dont need that money for living

Nice WE for you