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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG
SMXMF 0.00010000.0%Sep 10 5:00 PM EST
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To: Steven Fischer who wrote (373)6/12/1999 2:05:00 AM
From: Travbfree  Read Replies (1) of 539
 
What does Mr. Buffet think of silver?

One of the large Samex holders said at the annual that he would be very happy to have a straight silver hit. I have heard others remark that silver has more potential for a stronger return than does gold, either way I'm happy, it means the stock goes up.

The silver numbers that showed in the first two drills are almost half of what they need to find in order to be profitable. We at least know we're in a precious metal system.

Mercury is one of our strongest pathfinder elements to gold because it sticks to gold like a magnet, in fact if you were an old timer (or in a less environmentally minded country) you would use mercury to pick gold particles out of sand. The way you separate the mercury from the gold is to heat the mixture in a retort. Which quickly turns the mercury to vapor (highly poisonous fumes) and leaves the gold behind as a solid or a liquid.

Thus in a volcano with heat and pressure, where gold and mercury were once bonded because of the attraction they have, the heat would vaporize the mercury (which would then rise upwards) and years later a Samex geologist would come by and take samples and get really excited about finding a high mercury count in what seems to be a precious metal feeder system... Knowing that if the mercury is on the ground, the gold may yet be below it.
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