posted on
Mar 02, 2009 12:26PM
TODAY'S DISCOVERY, TOMORROW'S FUTURE
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Message: Re: PDAC
I don't blame Brian for being annoyed. I do beleve these mines are mineable. I brought all the data I had (I'm an engineer) to an old mining engineer (70 years +) with experience with gold mines all over the world (Africa, China, Eastern Europe). He was unequivocal - there is no doubt that these veins are mineable, and he outlined what techniques he would use as well. I know Brian also had this type of background
The questions is always, at what cost, for what price of gold. Brian has already outline how other mills in disuse that are in decent shape can be move and made to work no problem. Price of gold is whatever the big players and central banks decide it is - the Comex is their plaything - but they have no reason to try to push gold a lot lower right now that I know of (correct me if I'm wrong).
KXL has big investors who care about the severe shrinkage in their assets here and overall there is a big push to make this into a success. It's a quality property. I think this will work.
Hemlo took years and years and years, and the stock got thoroughly wrung out a number of times. But for those who hung in, it was a golden payday.
3 Recommendations
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