RE:Potential Value Fireweed in the Yukon is pushing if not over 50,000,000 tons of about 10% zinc equivalent. Further at least they have a somewhat dated resource and PEA which is being updated....
I keep hearing these woderful stories and as I said at these levels Cantex seems a no brainer but nothing like the numbers the nutbags on this site are spewing. Note none of you guys post an estimated cost other than to say Sprott says narrow high grade is better than bulk low grade. Needless to say like alot of other stuff that is quoted out of context as it comes with a pile of caveats. For example generally speaking a narrow high grade underground deposit is typically 3-5 times the cost as a bulk low grade so needless to say it cannot be too narrow and it must be quite a bit higher grade ie 5 times or more to the bulk low grade.
Alot of numbers with out any numbers proving the 10,000,000 tons bandied about. Also, all these back of the knapkin things you are assuming 100% recovery which of course is ridiculously stupid! Also there is alot of Zinc in the world! Much less at $1 Zinc not because it is not plentiful but because it is not economic. The higher the price of course the greater the volume the greater the volume then pushes prices down. So one has to temper all these price assumptions in later years by some basic economic facts.
At anyrate, just my bet but if and when they believe they are close to an sizeable resource they will quickly do one and a PEA! In the mean time it will be all about the economies of the world for the next 6 months.