Re: HIGHLIGHTS of Silverado's Nolan Creek Project Update - April 2010
in response to
by
posted on
Apr 27, 2010 02:07PM
Looking at the potential profit from a different perspective, spending $21,780,400 to make $72,384,600 from the Gold-Antimony mined looks to be better than 400% return ? 3x10 or any other members might want to add their view.
In comparision, many of the major Gold mining companies are looking at a return of 100% with current Gold prices and mining costs around $400 to $500/oz. The big difference is Silverado Gold Mines LTD. has Antimony, lots of Antmony.
IMHO the odds are very good of discovering big Gold veins once the company starts drilling further north of Workman's Bench and Pringle Bench this is based upon company's past exploration work of where Gold nuggets were found and the length of travel from the source they originated as noted by the friction/smothness to corners of gold nuggets and also based upon the 40 yrs. of experience from independent geologist Tom Bundtzen analysis of where the Gold feeder zones are located, which he thinks is further north as reported in a NI 43-101. Please look at the pictures of the gold nuggets mined by Silverado in the photo album located on the left hand column of this web page under "Photos" You wil see Gold nuggets that are both smooth and shape edged and note the location from where they were discovered.
IMHO, with further drilling the potential for profits could be exponentially huge ?
$$ Ka-Ching Ka-Ching $$