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Montanore

03/01/11 11:04 PM

#151 RE: Milo2 #150

The estimates can be found on their website...

http://www.minesmanagement.com/images/pdfs/Montanore43-101Technical-report.pdf

http://www.minesmanagement.com/


Even though they have a strong cash position, I doubt they themselves will have enough to start mining. I always thought this one would be bought out...or at least there'd be a JV or something.

I went up the property and it's located in a very pristine, beautiful area of Montana. I think they will accomplish the permitting process, though and jobs are few and far between so it will be seen as somewhat favorable to the economy.

They have plenty of silver--and copper. Both approaching all-time highs.
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Picassa

03/02/11 11:53 AM

#152 RE: Milo2 #150

Very low grade = Low margins.

60g/tonne.

EXK, GPL, AXU = 200 to 300g/tonne