Post by
coach247 on Mar 02, 2007 1:57pm
Moris news
Of course the data from the drilling supports the decision to go ahead with the mine plan. It takes months to get the assays confirmed from a qualified lab, but the management knew what they had a long time ago and began planning accordingly. What the news today signifies, that was not disclosed before now, is that the grades and tonnage have been confirmed, and the strip ratio is a very low 0.79:1. This means less than a tonne of waste rock must be removed and dumped for every tonne of ore. It means we have a low cost operation. Combined with the low cost recovery process using heap leaching, and you have a profitable operation at the average grades.
EXM has a comfortable cash position in the treasury, and will now have a stream of cash flow to finance additional development and exploration work. The company has been set up as a vehicle to participate in the PM bull market, with discovery upside at so many good projects. Moris is just the fuel for that vehicle.
cheers!
COACH247
Comment by
Revelation18 on Mar 02, 2007 2:21pm
EXM..."0.680"...13:54 ET
Change -0.020!!
Volume 615,750
EXCHANGE...VANCOUVER..
A ""two -bit"" MINING GAME is being played ..Anonymous to Anonymous and back to Canaccord "etc"!
Comment by
daytrader3 on Mar 02, 2007 2:46pm
Tanks coach for your input.