TSXV:CSG.H - Post by User
Comment by
TheRock17on Sep 30, 2007 6:33pm
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Post# 13496692
RE: Point made
RE: Point madeLead at $1.80 per Lb, copper at $3.50 per lb, and Zinc at $1.35 per Lb are outstanding base metals which are now in short supply and in an extended bull market.
Normally, 15 % base metals equivalent ( lead plus zinc plus copper ) per ton is considered excellent drill and reserve results.
40 % lead means 880 lbs of lead per ton of ore , or worth over $1200 per ton.
Compare high grade gold at 15 gms/ton which is worth about $375 per ton.
It would not take many tons of zinc and lead at these grades to make a profitable mine , esp as drifts and shafts already exist in neaby abandoned mine .
Just another example of the tremendous unlocked value of CSG...