RE: RE: RE: again volumes are dismal7 day old account and only bashing here.
Very suspicious for sure. What is your objective here?
Great so you can look up stocks that have performed well. Congrats real skill there. Excuse me if I don't believe you without a documented track record of your picks.
Smell's like vodka to me too...
Sure your objective is to help you russian buddies take our shares cheap. Well it isn't going to happen.
Also remind us how long it has been since HRG has done any drilling at these mines you claim are so close to depletion. Normally when mines are close to depletion production starts trailing off. And from the operational update we know the opposite is happening. Mine's almost always have their initial mine life extended as there is no point spending more drilling when you've already found enough gold for the bankable feasibility study. That can come later when they are flowing piles of cash. Which is now.
We finally have drilling going again at these mines to increase our resources and mine life as miners are always doing. It is only a matter of time before we get the results and these mines lives gets extended. How much is anyone's guess. But they will be extended. Where there is gold there is usually more gold and we haven't been looking for years, as it hasn't been a priority for our limited funds. Well we have lots of cash flowing into us now and it is only a matter of time till we discover more.
And regarding Prognoz, there are plenty of mines in remote areas around the world. With that much silver at such high grades this will get developed. We aren't even trying, and there is a roadblock in that the other 50% is not held by anyone that can afford to pay their share in the development of it. This needs to be worked out for any development to occur. By buying them out or having a back in agreement if we spend so much developing it.
That will need to be resolved first before it is developed. But that is just stupid to say such a large deposit will not be developed because it is remote. In case you forgot, most of us on this board live in Canada dummy. We are very familiar with developing remote resources without existing infrastructure and there are literally hundreds of examples to the contrary of your point. There is no question it will be expensive. But with the gigantic high grade silver resources there it will be. And it is very likely much much larger as only 2 of the 30+ silver veins identified on the property have even been explored. Do you really think the current resource listed is all that's there? IMO this is what Severstal is really after and the most valuable thing we own. Don't be fooled by writedowns and think this is worthless. That's what they want us to believe so they can take our shares for a song not valuing it at all. Write downs my @ss. Do we really believe any value Severstal puts on anything they want to buy. Give me a break.
This very well could be the largest undeveloped silver resource on the planet also with the highest grade. And you're telling us it will never be developed. You sir are either a complete moron or in the pay of Severstal. That is just too idiotic.
There are over 200 million oz in there at last count at the highest grade in the world. At 17 + bucks an oz for silver right now. You do the math. And that's only 2 viens of over 30 now identified.
I found this slideshow interesting from a junior silver miner. The interesting part are slides 16 and 17.
https://www.orkosilver.com/i/pdf/OrkoPresentation-May2009.pdf
And relating to the gold mines in question and right from HRG's website in the Mar 19th 2009 press release
High River notes that:
- The receipt of these technical reports for Zun-Holba and Irokinda, dated October 2008 and September 2008 respectively, were delayed due to financial difficulties experienced by the Company over the last 6 months.
- Mining continues at Zun-Holba and Irokinda at historical rates, and exploration has replaced the majority of reserves mined out during 2008.
- Due to Russian regulations regarding Russian classified non NI 43-101 compliant "reserves", MICON's audit and conversion to NI 43-101 compliant reserve estimates incorporated a gold price of US $550/oz. Therefore, the NI 43-101 compliant reserve estimates could be higher if they incorporated a higher gold price.
- MICON, in its technical reports, concluded that there is significant potential for extending the mine lives of Zun-Holba and Irokinda based on the following:
-- Known mineralization continues to be open along strike in both directions and at depth, and the mineralization does not appear to be constrained by any major geological features (except for the host fracture system at Irokinda, and some cross-cutting faults at Zun-Holba offsetting mineralization).
-- Both mines have enjoyed "great success" in converting resources to reserves in the past, and could continue to do so in the future.
-- For both mines, there are a number of exploration targets currently identified both adjacent and non-adjacent to existing mine development.