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Message: Re: IMHO Silverado is way over sold
5
Mar 16, 2012 01:32AM

Ditto MISH, Garry has spent his whole life poking around at his properties and IMHOis so close he is not going to let it fail now. He & Tom Bundtzen have got the resources documented on NI43-101 and that leaves no doubt about what is up at the Nolan at a minimum ! The concensus is that Probable and Inferred resources will only increase to Reserve status the more they mine and the deeper they go. If one reads all the PR's of the past you can see that the vein structure is "open to length" which extends to the parameters of the property, a 12 square mile area. The possibility of finding "the mother lode" is not out of the question IMHO. Per the last news release re: the Nolan, the 34 man camp has been refurbished and upgrade along with the access road leading to the camp from the Dalton Hwy., near Wiseman Alaska.

Keep in mind, that the stribnite, antimony, is some of the purest found today, as described in their 43-101 and feasibility study. What started out as a GOLD mining operation has now switched over to an antimony operation with GOLD as a by product of the antimony produced and is by all intents and purposes, is accumulated FREE of cost, as the antimony mining operation is sufficient to pay all the expenses of the mining, inclusive of the GOLD. All this and at estimated costs based on a GOLD price of approx. $700/oz (?) and antimony at $3-4 /lb (?). * (these figures can be found in their prior filings/PR's).

IMHO, after the CTO is lifted we will all find out what has transpired in the last year and will be told such at the shareholders meeting when officially notified. In regards to what to expect when Silverado goes into production you only have to refer to the "spreadsheet" done by 3x10e6 on Sept24, 2010 8:04pm. It gives a projected production shareprice based on a 250 tpd operation, for 170 day season, along with up dated GOLD and antimony values based at prices at that time. I highly recommend you go back and look at this information. IMHO if financing is a done deal, production will ramp up from 250tpd to hopfully 1000tpd at a maximum for the life of mine. Who knows maybe later they will find they can use open pit mining in other areas? Either way all remains to be seen. GLTA faithful shareholders.

Remember; Garry still has an ace up his sleeve in the Ester Dome and Eagle Creek properties, with Agnico-Eagle owning the surrounding properties of Eagle Creek, and Kinross operating an active mill close by the Ester Dome property. Both areas prime candidates for JV's or purchase sometime in the future??????? Maybe the money could be used to start the mining up at the Nolan?

1
Mar 18, 2012 11:57AM
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