TSXV:FCO.H - Post by User
Comment by
pcnisbeton Dec 29, 2003 6:05pm
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Post# 6825004
RE: Dec.8
RE: Dec.8halcro
Thing is that they had a NR out on Saturday, starange in and of itself, which suggests that they intend to explore on surface and have been reading exploration to the 3700 foot level of the mine, with 3700-6000 under water. Most of the previous reserves are below the level they will be exploring. They have not contacted FCO, so how exactly they propose to handle tails is anybodies guess.
Seems just like their deal with the Montanore, a very hyped deal thats very long on talk. The Sat NR ended by suggesting that $5.75 silver was a low price for the metal. Hey, its a multiyear high and one that even the Lucky Friday, HL's high cost producer, can make money at. Looks to me like they are lining up the excuses for failure while hyping the heck out of Sterlings 'potential' in a high silver market.