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Gold/Mining/Energy : Rock Resources

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To: 24karat who wrote (1650)2/1/2000 1:46:00 AM
From: Bid daddy   of 1996
 
As far as a report from me or my friend, it may not help someone as experienced as yourself, but he has played the golds and does have interest, and said he would help me out if he could.

I do not see him much, as we both work different hours now, but not long ago, I had a beer or two with him, as he showed me his dredging operation on pontoons. He and his wife would anchor out in the river, at a bend or maybe at the foot of a mountain area, places where the gold would run down in the rains and settle in the river bed, then he would put his wet suit on and jump over board, all while his wife controlled the air to his mask, Yikes!

He would then muck out four foot deep holes of river bed, which would be sucked up the hose to his sleuth. It was there that the pieces would be separated from the unwanted muck, which went back into the river. After a few hours work he would take it back to camp and repan it through his land based setup with finer screens etc. While relaxing with a beer, he would hope for a find and hopefully nuggets, and that he has! with quite a few nice ones stashed away, he is almost ready to retire to his hobby.

Now that is not the RKR way, but I thought I would share it with you, as I thought it was neat. As far as what he or I can tell you about this one, I am just a speculator, as is he. For all I know, I could sell this one tomorrow. Do you think we have insiders wanting to unload paper? that was an opinion given to me, by another SI member. He said churning, price not moving, keep a very close eye on it, but it has moved, so I will just keep one eye on it.

BD.
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