Replies to post #18580 on Value Microcaps Junior Miners

[silver100]

From the Minera Board:

Posted by: apljack Date: Tuesday, March 16, 2010 11:15:32 AM
In reply to: frankie_fillet who wrote msg# 227 Post # of 229

Word on the yahoo board from someone who attended the PDAC last week is that HOC will announce the SJ life of mine extension for another 5 years in their next quarterly numbers. This is likely to take us to $1.25.

If you don't read that board, the poster also talked to MAI folks about Los Azules and the co. confirmed that they have many inquiries about a JV, but MAI consistently says "no" and tell the suiters that they are drilling to find out "what we have" and won't talk partnership or sale until they have a better idea of the scope of their reserves there.

I've read that the "in the ground value" of LA ranges from $250-400 million, depending on the proven reserves (which is likely to go up).

aj