Leeward Capital Corp LEWCF

RE: RE: RE: RE: Revised Wardrop 43-101

[cabo1]

The recovery rate is around 94% as mentioned in the Wardrop report and most of all does not vary with grade which means it is consistent. I think Benton describesw it well but he also points out the obvious in that in order to move forward more funding is needed but it is hard to do here at these prices so my guess is mgmt will hit the road and spread the story to boost share price since dilution is a factor. When the Dec deal was done it created  a lot of dilution but had to be done. The good news is that it has paid off very well with strong results and a great number for in the ground pounds. Here is a interesting thought for all, TCM is about to shut down its small mill with the new 56k ton/day mill ready to go online. They have to move the small 26k ton/day mill to work on the pit. They are actively exploring for more reserves at Endako and actually are spending about $8mill plus there this year. Rumour is that they are finding high grade but at 1800 ft down. Wonder if they might want to lease or sell the mill is worth something to LWC but not many others or some sort of JV as Benton mentioned. Just a thought.