Fabled Silver Gold Corp T.FCO

to njh

[OneEye]

njh, you don't have to yell man. Reasoned discussion is preferred. As you suggest, Due diligence is something everyone must do - including you. Reserves/Resources - The company's Jan 12 NR lists Proven + Probable reserves (no distiction shown)at 1.55 million tons. If you use $15 cobalt, $.80 copper and $300 gold, this is $346 million in gross value. Where in heavens name do you get $2 billion of proven reserves - these terms have legal meaning. Permitting - you say "some permitting is still necessary". That is an encredible understatement that indicates very little understanding of the federal NEPA process. FCO hasn't even started permitting, and unless they haven't told us shareholders, they haven't started writing the draft EIS. In order for mining of ore to begin in 2002, mine development and mill construction must start next summer - no way in heck my friend. The mill and tailings on site (approx. 7600' el.) will require extensive permitting and a full feasibility study. (Add more time) 2003 is the absolute earliest this property could be in production. And by the way, the lowest decline in the current design is at 6,500 feet elevation, the Ram shaft at 7,700' and the upper Ram adit at 7,900'. I have been to Idaho, and I have been on the property. This one has been around awhile, and probably half of the exploration geologists in the US have seen it. I appreciate that you want to see this mine proceed. I do as well. I do not appreciate information that is less than factual, especially when it is put out by management. Mining would be dead without optimisim, so hang in there, just don't expect miracles.