Klondike small potatoes vs APEApogee as I stated before likely has 10x more silver than Klondike. Discount in situ value a $1.00 per ounce and Apogee is still worth 5 times more than Klondike. Old low grade producing mines. lol 24000,000 ounces mined in the whole area compared to hundreds of millions of ounces at Pulacayo.One of Apogee's projects is worth the current present market cap.The following statement came from 321gold.com La Solucion Project (LS)
The La Solucion Mine has been producing for the past 14 years at the rate of 40,000 tonnes per year. Production grades have averaged 20 ounces per tonne silver equivalent. The company is currently in the midst of an exploration program designed to define resources around the existing mine.
The objective is to outline 2 million tonnes of historic production-grade ore in the area immediately surrounding the mine. This would allow for a major production expansion to be undertaken. Upon successful completion of this objective, the focus will turn to identifying additional resource blocks along the 10 km-long veins at La Solucion. Apogee's objective is to identify a NI 43-101 compliant resource estimate at La Solucion in 2006, with the goal of further expansion as additional drilling is completed.
tons just for starters inferred at 10-20ounces/ton. Candelaria has indium, silver gold and zinc and they have barely started on that property. Buena Vista vein are long a rich and drilling continues.
One of Apogee's properties warrants a market cap of 30 million dollars in a speculative market. Buy those old dry mines in BC, I'll buy Apogee at a huge discount and even if Apogee is valued at a 50% dicount by the market it will still be $6-7 dollars
It's an absolute joke comparing these two companies. Old low grade mines, a shell in my opinion compared to Apogee who has excellent properties and one of the MOST respected indidviduals in the mining industry (Humphrey) at the helm, Carlesso as CFO. Huges has done what? www.klondikesilver.com. isn't even up and running.
It appears more shells will be coming on line during this bullmarket. Any company that comes out of nowhere with no proven resource is imho a shell.Pump a doodle doo Mr. Advisor your advice isn't wanted by this investor.