Re: minor observations about the mill pr today
in response to
by
posted on
May 07, 2009 06:40PM
(Edit this Message from the "Fast Facts" Section)
I had hoped for a bit more of a "milestone" press release, rather than another update on how things are progressing (not that progress is bad). By milestones I mean the listing, final permitting and commissioning of the mill, startup of milling, beginning of a revenue stream, restarting of mining, maybe some assay results, etc. These will come, but it would be nice to have these announced when the market is in a buying mood, as it was the past week. And I'm certainly ready for some substantive news!
As far as the Sinker Tunnel acquisition, it's nice to see it officially registered. A quit claim is simply a giving up of any rights to a specific property or claim. I can give you a quit claim for the Brooklyn Bridge, meaning that I transfer to you any rights I have regarding ownership of the bridge. That doesn't mean that I had any rights to the bridge in the first place. The official registration means that the quit claim was valid in that it actually transferred rights to the Sinker Tunnel. I think this acquisition will turn out to be an extremely important move, especially if it provides year round access to the rest of the mines. And if a mill can be installed on site so that ore can be transferred after milling so that what is trucked down the mountain is much more concentrated, the whole operation should be much more efficient and profitable. Just think of all those trucks filled with smeltable milled ore concentrate rather than rock with maybe only a couple oz/ton (0.006%) of the good stuff!