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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Zincman who wrote (58723)4/18/2008 9:52:39 PM
From: Robin Plunder  Read Replies (1) of 78416
 
"Today's decision out of Ecu will only add too the value of larger deposits located in pol friendly areas. imho.

When I spoke w. Randy Reifel of CKG early last year, he commented that there are so very few big, multi oz gold deposits on hand today. The majors are actively looking for these type deposits b/c they know they have to increase reserves by way of acquisition not exploration.

He told me that none of the majors were seriously considering ARU as a takeover/buyout simple b/c the pol risk was too high.

Seems he was dead on considering today news from Ecu.

Will CKG be one of those co's that majors court due to their high oz deposit? Time will tell. Flip the coin.

Today's action in Ecu has only removed even more supply from the market for the foreseeable future.

The multi-oz co will be in ever higher demand moving forward.

IMHO..
ZM"

Probably you are right, it may take a little time tho..there have been so many busts lately, NG, AXU as well, and these were difficult or impossible to predict.

It seems interesting tho, that Peru seems to have backed off from its brief antagonism to mining, Brazil and Chile seem mining friendly, and Argentina sometimes so, as long as you stay away from tourist areas and dont use cyanide..

I like the far north of canada....no one even lives there to complain..and Tanzania also seems like a safe spot, they have already reviewed their mining laws so should be good for a number of years..

Robin
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