Sun Summit Minerals Corp. V.SMN

SMN vs Blackwater

[askretka]

Blackwater and SMN have similar geology according to SMN website. ---------- Blackwater deposit spread over 15,000 hectares . --------- SMN has staked 33,000 hectares and has several zones of possible mineralization that could be linked together to form a larger deposit. ----------- Both are gold silver deposits ---------------- Lots of drilling will be required to define the deposit and mining is a very speculative investment but this looks really good so far. Good interview on youtube 20 of January with Eric Coffin of hard rock analyst newsletter. Cheers!

[Goaweigh]

 Blackwater certainly is a monster with years 23 years of life but the key is that 50 Million tons @ 1.5 grams that they will mine first for rapid payback of their initial capex of $ 600 Million and then start expanding the mill and increasing throughput in year 6.  The blob known as C1 which was grazed by hole 12 looks like it measures around 350 meters long by 150 meters wide and lets

[askretka]

Good analysis and calculations thanks for doing that. ----------------------------------------------- Did you watch the 20th of January you tube video with Eric Coffin? It's pretty good. The staff are excited about the project and progress too is what I garnered from it. Not to read too much into that but they sound pretty confident that the new hole is 'Game changer" and the next set

[Goaweigh]

Yes I did see that....doesn't every CEO think a good hole is a game changer ! LOL . But in this case I think he's right. My back of the envelope calculations may be on the low low side as I've only used 50 meters thick and we can ses from the various slides it could/should be much thicker, like maybe 3 or 4 times that. Nor do we know how large that lower grade halo is I don't think