RE: RE: If I could perform miracles I would put GO I you don,t mind, Cynbin, I would like to add to your post that I have copied below. At the time of that interview, gold was trading around $961, today it is almost double! So if we could explore then for nothing, we should be able to explore now at a huge profit? And if you start exploring/bulk sampling at a huge profit, doesn,t the word economical fit in there?
They dug adits that represented mining widths, and the development material made up part of the bulk sampling. But you don,t have to worry about any develop material in the economics because AFTER the development, she said it was costing us nothing.So, quick math tells you that today, the profit margin would be about 80%, which is huge for any gold producer today! Take out the cost of paying Dynacor versus the cost of a processig facility over the mines life, and the pofit margin gets bigger yet.
https://quotes.post1.org/historical-gold-price-chart/
Ever since I listened to the CEO's WallStreet Reporter interview of June 11, 2009 over a year ago, I've been wondering whatever happened to the reserves Lori talked in great length about. Slimelight, maybe you can enlighten the board?
Where are the reserves?
www.wallstreetreporter.com/2009/11/st-elias-mines-tsx-v-sli-ceo-interview
Audio quotes of Lori regarding Tesoro:
11:06 "We're getting the money back. Can explore forever almost for nothing"
12:20 "Can go on forever proving up reserves"
13:19 "Can get gold all day long"
16:00 "Tesoro is special...inexpensive to work. We're proving up reserves and it doesn't cost us anything"
Also, when did the Strategic Plan change?
"We have one focus; Tesoro"