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Profitable at any price?



November 17, 2008 – Comments (3)

This release got my attention on Ricmond minerals, although I've had no time to do further research.  They have found copper assays at 4%.  I believe Bingham in Utah is about 0.67% now, as in the range of many copper mines.  Better grade means more profitable, plain and simple.

This is one for further research.  Small deposit size means skip.  High depth means more expensive.

3 Comments – Post Your Own

#1) On November 17, 2008 at 4:24 PM, LordZ wrote:

Dwot is now pumping stocks ???

Oh heckie na.......hhhhh...

Someone please suspend me again until this crisis is over...



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#2) On November 17, 2008 at 7:16 PM, dwot (33.65) wrote:

LordZ, not pumping it, just one that I will probably do a bit more research on.  If it is at depth or the assays are shallow, etc, it isn't any good.  But, 4% copper get my attention to check it out further.  If the deposit is of any quality at all for size and accessibility it would be highly profitable even at copper $1.

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#3) On November 17, 2008 at 11:44 PM, rocksnot (29.25) wrote:

I'm not sure how any sane human being could possibly label that as "pumping stocks."

But assuming sanity in the poster was probably where I went wrong to begin with.

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