ex.. the Escala orebody is a very large orebody with a number of mineralized targets -
The property has 23 holes drilled by AUSTPAC Gold - totaling 2,612 meters -
A second round of drilling of 14 holes added another 1,517 meters -
This orebody has also been a property of interest - since colonial days -
It hosts several very large stockwork deposits - worthy of significant attention -
The property is polymetallic, however, it also appears to host a porphyry copper deposit underlying - the polymetallic stockworks -
It also hosts a gold anomaly containing approximately 30,000 ounces at reasonable grade -
The Escala property has extremely good potential - but work to date has been more of the geo-chemical nature and has identified several interesting targets -
APMI plans 8,000 meters of drilling on the property in 2007 -
They also have pick up the Karachipampa Lead/Silver Smelter Project -
The Karachipampa Lead/Silver Smelter is located in Potosi, Bolivia -
It was constructed during the period 1985 thru 1988 - by Corporacion Minera de Bolivia (COMIBOL) and was never - fired due to a lack of lead concentrate production - in Bolivia - A total of $180 million have been expended on the facility to date by COMIBOL -
The plant has been on care and maintenance since completion and is in ‘new condition’ -
It was designed and constructed by Klockner - a German engineering and construction firm - with design based on state-of-the-art Russian - Kivcet technology -
This technology is in common use around the world with two of the most important users being the Cominco Trail Smelter in British Columbia and the Glencore Porto Vesme Smelter on the island of Sardenia, Italy.
A Cerro Rico Potosi FMNJ silver coin - to be 100-grants when old bucky - falling off the cliff - --
Intersting Clip?
"The lone ranger may have made this line famous, but it’s our opinion that investors properly positioned in silver futures and options may be singing that same tune in 2009. While the price of silver may remain volatile and unpredictable in the short run, we expect to see a significant advance in prices over the next 12 months. Let me be clear that we are not exactly certain on when the US dollar will resume a move lower or when the hyperinflation will kick into play, however we do feel both are inevitable. What we have suggested to clientele is to buy $5 bull call spreads out into December of 2009. We have been accumulating these positions for clients between $1500/2000 per spread. At current pricing we are advising our clients to position themselves long silver by purchasing the $15 calls and selling the $20 calls. The suggestion is to buy multiple contracts looking to trade out of a portion of the position into the first of the year on a move back to $12/12.50 an ounce looking to take most of your risk off the table. The thought would be to sit on the remainder for perhaps 6-9 months looking for Silver for December 09’ to return to $20/22 ounce. As seen below prices are currently trading at $10 ounce, down over 50% in the last 4 months, largely in part to the lack of stability and liquidity in the global financial markets and the opposing forces of deleveraging, risk aversion and the general dysfunction of the credit markets.
Weighing the risk to reward dynamic this silver trade, I believe, is currently one of the best opportunities I have seen in my seven year career. Does that mean it will make substantial monies or that silver needs to cooperate? No, but to find a trade in this setting that has a defined risk and a potential sizeable return with 13 months time frame is refreshing. Depending on your personal risk tolerance, your belief on whether we will or will not have inflation and/or a weaker dollar in 2009 should dictate if or how much exposure you want in this trade. For the well capitalized investors that can afford to risk $180,000 we believe that this is a potential $1,000,000 trade.
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