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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Bill Jackson who wrote (42855)10/13/1999 10:55:00 AM
From: IngotWeTrust  Read Replies (1) of 116762
 
PS, Bill. I forgot to answer one of your questions. Contrary to what you assumed
about hourly operational costs being 'foregone' this event was handled very business
like from business plan through final accounting which will be turned in today so I was
told.

Mr. Valentine used current equipment rental rates and current operator per hour
calculations in putting together the budget for this event. Remember, he had pay a real
live crew running the mechanical end of this operation. To do anything less would have
put him in a potentially criminally negligent liability bind, and would have given his
insurance carrier the heebie jeebies, trrrrrrust me!

The equipment, of course, he owns outright, but said overhead and maintenance costs
were as accurate as he and the business manager could pencil it out PRIOR to my
actual construction of the website and the announcement of the extravaganza.

After Valentine saw the gold he put out the backend, I'm wondering if he's privately
wishing he'd charged more, but I'm sure he would say, "No!" He truly wanted the
average joe as well as the retired gambler to all feel like they could come, have a good
time, possibly make a buck, and allow Roy the kickoff of his internet mining mining
venture, and announce his No Limit Gold and Mining club, all in one fell swoop.

I trust I've answered them all. I gotta run now. I'm supposed to be down there before
9AM and I've still got some other stuff to do and several miles of driving ahead of me.
BTW, nice to see POG up again this AM in overnight trading. GO GOLD!!!

Regards,
O/49r
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