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NJPortfolioManager

09/11/08 4:37 PM

#7800 RE: inflationista #7797

soyelpato,

Nice to hear that the plant and equipment are owned. If I knew absolutely anything about the values of such equipment, I would add it to my valuation. Although I guess at 3 billion+ shares outstanding, that would have to be divided pretty small. But from what I hear plants/materials/steel/supplies are in short supply (and high cost) in the industry at the moment, so you are probably right on that its worth good money.

I think I remember reading somewhere on this board that you took a trip down (or up or over... I don't know where you live) to the operations. Nice work... like a true analyst. You aren't a ex-Bear Stearns guy/gal with some newly found extra time on your hands, are you?
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luk_diver

09/11/08 6:37 PM

#7802 RE: inflationista #7797

Soy: On the mine visit got another tour(my 3rd) of the facilities(mostly for the couple that was there for the first time) and in the Refinery Room they had the 'rebuilt' gas kiln(it's not a furnace per se, just as the old electric one wasn't also). The mine manager(Guy) asked one of the other personnel(Steve) some questions about the new kiln installation and he stated they are waiting for a 'permit'(mercury emmissions?)and it looks as thou it will be 'on-line' by the end of Sept.? Evidently it will pour 'dore' 3x faster than the older kiln. Also as a aside 'Steve' pulled out some pieces of 'splattered' dore and VERY pretty(heavy) indeed. Have video. GLE. Bob