Replies to post #16923 on UNICO INCORPORATED (AZ) (fka UNCO)

[mdb1]

Golden, Deer Trail wasn't a scam. It was in production until 1980.

Gold & silver prices have gone up 7x from 1980 (even more a couple years ago). So if it was barely not worth mining in 1980, Unico staff should have been able to make a profit even with depleted mineralization. If DT mineralization was barely unprofitable in 1980, a 7x increase should mean PROFITS.

I think sheer incompetence by UNICO staff. Or maybe they never meant to mine it, in the first place.

They should have forgotten about everything except the SILVER and the little bit of gold. Just recover silver/gold from the tailings -- front loader anyone?

Western - if the deal went through, wants be in production within 8 months or so I think.