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Silver Wheaton Corp. Message Board

  • JohnnyCanuk JohnnyCanuk Sep 12, 2005 9:59 AM Flag

    Note in new BCK news ...

    Noted in the comments on the new BCM news is the following ...

    "Proceeds from the recently completed
    CDN$11 million financing will allow Bear Creek to fast track exploration in the Corani district including an additional 30,000 meters of infill and exploration drilling in a Phase II program which will commence immediately
    following the completion of the current program."

    *** this Phase II will start around late October ...

    *** a total of 30,000 meters is a MAJOR drill program ...

    *** part of the Phase II drilling is "infill" drilling which means they will be drilling into an area that has already been drilled but the holes will be spaced closer together ... this is done to raise the "confidence level" of what is there for a pre-feasibility study where they can come come up with a tonnage and grade figure, how many ounces in the verious categories, "proven", "probable", "indicated", etc ... the reason I mention this is no so much for the "mining" reasons but for the "stock trading" reasons since with "infill" drilling it is known that the results will be positive and good and they make for good PR and good PR is good for a boost in the stock price and that is good for "traders", lol ...

    Good trading ...

    jc

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    • I own some but if they don't show a postive Q3 I'm out. If you can't make money with the last quarters gold price then move on to someone that is making $$$$. I can't remember for sure but I thought they switched from commerical power to disel last year so they might be getting killed on energy costs ...but who isn't. I wish I would have moved it into AUY months ago.

    • Excellent. Highly appreciated. Thanks, just one more comment, my instinct is telling me that Golden Star may be on the move up soon. I certainly enjoy looking at the historical charts of GSS, CDE, MNG, DROOY. One of the reasons why I believe GSS will explode first is that if gold keep rising numerous traditional (non-gold) investors will panic and jump on the few stocks they know, and GSS is certainly well known. + think the chart + volume looks great. Any opinion?

    • Here's one for you from the "McLeod" side of the McLeod-Seltzer equation ...

      **********************************

      hxxp://www.sherwoodcopper.com/index.php

      Sherwood Confirms High Copper & Gold Grades at Minto Project, Yukon

      Intercepts Include 10.2% Copper over 14m and 2.7% Copper over 33m

      The Minto property is an advanced stage Copper/Gold project with reserves in excess of 336 million lbs of high-grade copper and geology that indicates significant exploration upside.

      Average of 31 million lbs of copper, 13,400 ozs of gold and 200,000 ozs of silver, will be produced per year for the first five years of operation of an estimated 11 year mine life ...

      The project is fully permitted and ready to go ...

      In late 1998, previous owners put in $10 million worth of infrastructure, roads, tailings pit, plant foundations ...

      Estimated capital costs of US $17 million ...

      At current prices, the ore is worth about US $75/tonne and production "cash costs" are estimated around US $30/tonne ...

      ****************************

      Do your own DD ... I bought yesterday ...

      jc

    • next recommendation: ctq.v, cup, ole.v (all made out of lowell, selzter and co.(the former arequipa resources team) 1 share of corriente represents 200 pds of copper
      CUP has it all: 30 million cash +
      In 1999, J. David Lowell, one of the founders of the Company, began studying potential mineable deposits of copper ore reserves in Ecuador, Peru and Argentina. Through this process, Mr. Lowell determined that Centromin, a Peruvian state owned mining company, was the owner of certain lands which appeared to include interesting potential targets for exploration. In 2002, Mr. Lowell, together with Catherine E. McLeod Seltzer, Luis Baertl and, later, A. Geoffrey Loudon and David E. De Witt, began to study prospective deposits held by Centromin, several of which were considered before selecting the Toromocho mineral deposit. In April 2003, the group formed Peru Copper Syndicate Ltd. ("PCS") for the purpose of making a bid for the Toromocho mineral concessions, which were being privatized by the Peruvian Government.
      "IMC has estimated an inferred resource for the Toromocho Project, based on a copper price of US$0.90 per pound, of 655 million tonnes at a grade of 0.61% for a total contained resource of 8.8 billion pounds of copper. Included within the inferred resource is a higher grade component of 293 million tonnes at a grade of 0.80% containing 5.2 billion pounds of copper.

    • Greetings dnielsen..why yes it is..had referred to it as my "sleeper stock" as didn't expect a whole lot til next year...well Merry Christmas and Happy New Year! regards, groucho

    • I am up well into the triple digits. This is just a sample of '06.

    • Back in the 1980's, Chet Idziszek worked with top Canadian mine promoter, Murray Pezim, and was in charge of the geological team that was sent by Pezim to evaluate many of the Pezim group properties ...

      I believe he was involved with the Hemlo discovery in Ontario and I know he was involved with the Snip discovery in northern B.C. ...

      Pezim controlled about 50+ companies on the old VSE and because of Chet's involvement, Pezim generally gave him shares in many of those companies and also made him a Director of those companies Chet worked on ... thus, 25 to 30 years ago, Chet was seen as a Director of maybe 30+ public companies, not because he was a sharp businessman, but because he was Murray Pezim's geologist ...

      As in many cases, just because a person has abilities in one field, it does not necessarily mean that person will have similar success in another area ... and in the case of Chet being a good geologist, when he moved into trying to run his own junior companies after the death of Pezim, it was evident he was not that good as a businessman ...

      Today, Chet is an old man and his use to a company is limited to that of a retired consultant and a "known name" to dress up the Board of Directors ...

      Chet is OK but his influence at Bear Creek is minimal ...

      jc

    • I have a special git for you, my PR news (very old though). However look at the link and click on lowell and mcleod seltzer, let's see what you make out of this.
      PS: Canaccord knows this..

      hxxp://www.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=CompanySummary&PO_ID=12837&HC_FLAG1=on&HC_FLAG2=on

      • 1 Reply to sting775566
      • I am well aware of the history of McLeod-Seltzer and the companies where she is involved, nothing new there ...

        As for Lowell, you had better tell the company to update their records ...

        http://www.bearcreekmining.com/s/Directors.asp

        No Lowell listed ...

        On April 7th/05 Lowell sold 365,000 shares and on April 27th/05 he sold 375,000 shares ...

        Your link gave me nothing that I didn't know already ... they are good people but that doesn't guarantee success ... McLeod-Seltzer had one excellent call but that was 10 years ago and since then she has had nothing but a string of yawns and relatively poor results in general ...

        And why do you add, "PS Canaccord knows this" like it is some secret ... ???

        Look sting, I'm not knocking you, Bear Creek is moving along nicely and it looks promising at this point, you got in early, happy days ...

        But don't let your excitement overwhelm reality, there is still a long way to go ...

        jc

 
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