Absolutely Claude, junior gold and silver companies that have
both quality resources and cash in today's world markets that may
contain the seeds of their own demise thru unhealthy fiat money policies
are to me the safest medium and long term bets.
Initially I created a list of these companies thru a review of recent posting
by persons who know where to invest and not.
(Claude Cormier, Bob Johnson,E Charters, CL_TheOnly, and others.)
From that list I picked out those juniors in the price range of 1-3 dollars
and explained to the lady that they were near safe, but until the price
of gold/silver "explode" they will remain at these levels or change by
the most an 100% increase or decrease.
She was not impressed, and asked me to replace them with possible
1000% increase or decrease moves. Actually she said all or nothing,
as in x100 or collapse belly up.
Yes, she is a risk taker and needs to live on the edge so that the everyday
activity includes an element of unstableness needing one to keep a sharp edge,
else unknowned stuff will attack.
No, she has not this money to burn, and its needed money for her,
but this is how she lives, and so far it has served her well.
<<...pennies makes of this selection a losing proposition.>>
Yes, but not in spirit, even if it becomes in money.
I tried to sneak in as many "better" ones, but for some reason
eventhought my on line discount broker Stock Cross, Boston was able
to give me a quote, upon placing the order it returned in error
with message Unknowned Security Name, for the following:
Wheaton River Mineals T.WRM
Birim Goldfields T.BGI
Corner Bay T.BAY
Silver Surprize SLSR
Golden Star T.GSR
ECU Silver M.ECU
Durban Deep DROOY
The $5,000 "Make me happy" list is now complete with one addition made.
US
==.............................................. commission (all Limit Orders)
Golden Phoenix Minerals... GPXM 1,000 .23 ........ 45
Golden Phoenix Minerals... GPXM 3,000 .28 ........ 83
Golden Eagle.............. MYNG 500 .24 .......... 50
Haber Science............. HABE 15,000 .07 ...... 100
LS Capital................ CHIP 1,000 .13 ........ 50
Shoshone Silver........... SHSH 4,000 .12 ........ 47
Silverado Gold............ SLGLF 2,000 .21 ....... 50 _________________ (NEW)
Canada
========................................... commission (US$, all Limit Orders)
Cusac Gold.......... T.CQC 1,000 .20 ............. 50
Falcon Ventures..... V.FNV 1,000 .51 ............. 50
Holmer Gold......... T.HGM 1,000 .18 ............. 50
Savanna Resources... V.SV 1,000 .10 .............. 50
Spider Resources.... V.SPQ 500 .21 ............... 50
Standard Mining..... T.SDM 500 .25 ............... 50
Zappa Resources..... V.ZPA 1,000 .23 ............. 50
Totals ______________ (shares) 32,500 __________ (commission) US$ 775
Total Money paided to broker = US$ 5,042
Total commission cost = 15 percent of total investment
Overall commission/shares = US$775 / 32,500 shares = US$0.024 per share
2 1/2 cents per share for penny stock for this case above
where non penny is 8 cents per share at this broker
PRESS RELEASE:
Fairbanks, Alaska - February 16, 2000
Silverado Gold Mines Ltd. OTCBB SLGLF
Silverado To Resume Production And Development At Nolan Gold Property
Long Mining Life Expected With Reserves NOT Hedged
Absolutely Claude, junior gold and silver companies that have
both quality resources and cash in today's world markets that may
contain the seeds of their own demise thru unhealthy fiat money policies
are to me the safest medium and long term bets.
Initially I created a list of these companies thru a review of recent posting
by persons who know where to invest and not(you, Bob Johnson and others.)
From that list I picked out those juniors in the price range of 1-3 dollars
and explained to the lady that they were near safe, but until the price
of gold/silver "explode" they will remain at these levels or change by
the most an 100% increase or decrease.
She was not impressed, and asked me to replace them with possible
1000% increase or decrease moves. Actually she said all or nothing,
as in x100 or collapse belly up.
Yes, she is a risk taker and needs to live on the edge so that the everyday
activity includes an element of unstableness needing one to keep a sharp edge,
else unknowned stuff will attack.
No, she has not this money to burn, and its needed money for her,
but this is how she lives, and so far it has served her well.
<<...pennies makes of this selection a losing proposition.>>
Yes, but not in spirit, even if it becomes in money.
I tried to sneak in as many "better" ones, but for some reason
eventhought my on line discount broker Stock Cross, Boston was able
to give me a quote, upon placing the order it returned in error
with message Unknowned Security Name, for the following:
The $5,000 "Make me happy" list is now complete with one addition made.
US
==.............................................. commission (all Limit Orders)
Golden Phoenix Minerals... GPXM 1,000 .23 ........ 45
Golden Phoenix Minerals... GPXM 3,000 .28 ........ 83
Golden Eagle.............. MYNG 500 .24 .......... 50
Haber Science............. HABE 15,000 .07 ...... 100
LS Capital................ CHIP 1,000 .13 ........ 50
Shoshone Silver........... SHSH 4,000 .12 ........ 47
Silverado Gold............ SLGLF 2,000 .21 ....... 50 _________________ (NEW)
Canada
========................................... commission (US$, all Limit Orders)
Cusac Gold.......... T.CQC 1,000 .20 ............. 50
Falcon Ventures..... V.FNV 1,000 .51 ............. 50
Holmer Gold......... T.HGM 1,000 .18 ............. 50
Savanna Resources... V.SV 1,000 .10 .............. 50
Spider Resources.... V.SPQ 500 .21 ............... 50
Standard Mining..... T.SDM 500 .25 ............... 50
Zappa Resources..... V.ZPA 1,000 .23 ............. 50
Totals ______________ (shares) 32,500 __________ (commission) US$ 775
Total Money paided to broker = US$ 5,042
Total commission cost = 15 percent of total investment
Overall commission/shares = US$775 / 32,500 shares = US$0.024 per share
2 1/2 cents per share for penny stock for this case above
where non penny is 8 cents per share at this broker
PRESS RELEASE:
Fairbanks, Alaska - February 16, 2000
Silverado Gold Mines Ltd. OTCBB SLGLF
Silverado To Resume Production And Development At Nolan Gold Property
Long Mining Life Expected With Reserves NOT Hedged
HISTORY
Silverado's 100% owned and operated Arctic Alaska Nolan Gold Mine
has produced gold since the stampede days of 1901 and is one of Alaska's
most famous gold camps.....
LOGISTICS
The Nolan Property is located in Alaska's Arctic Circle some 200 miles
north of Fairbanks.....
GOLD RESERVES
Combined proven, probable and drill indicated reserves presently
stand at 145,000 Ounces of Gold..... Additionally, company geologists
believe less developed areas of the property where gold has been discovered,
could extend that total to greater than 1,000,000 ounces of placer gold.
ENVIRONMENT
Environmentally sound and uses only water in its operation. Areas disturbed
by mining are reclaimed by slope contouring and re-vegetation methods.
Sediment in operations water is subject to a series of settling ponds
and by re-circulating the water, the company achieves a mining operation
with zero discharge to the environment.
SUMMER 2000 OPERATIONS
The company will resume summer placer gold mining operations this year
on the Workman's Bench portion of the Nolan property. We Plan to.....
... aone week test mining run on this area in the late fall of 1999
produced 111 ounces of exceptionally beautiful jewelry grade gold nuggets.
The company will also have a drill on the property in order to provide
final gold reserve definition on the Nolan Deep Channel portion of the
property by filling in spaces between the 143 drill holes already.....
... We plan to begin the final development work on this portion of the
property during this winter.
THE LODE (SOURCE OF THE GOLD NUGGETS)
In addition to the Placer Gold rights at Nolan, the company also owns
the Lode Gold Rights (hard rock or source of nugget gold). We have found
gold in quartz veins and other rock types on the Nolan property and look
forward to the future exploration and development of this Lode Gold.
Silverado's gold reserves are not hedged and therefore the company
will benefit from any gains presented by rising gold prices. In addition,
Silverado's gold nuggets sell at a premium over world gold prices. This
premium has averaged 33% in excess of gold prices for all gold recovered
and sold by Silverado to date.
THE FUTURE OF NOLAN
We at Silverado Gold Mines Ltd. consider the Nolan Gold Project a solid
undertaking which presents Silverado the opportunity of many years of
profitable mining from throughout its 14 square miles of gold bearing
rivers, creeks, old stream benches and lands.
On Behalf of the Board
Silverado Gold Mines Ltd.
G. L. Anselmo
President
This page was last updated on Wednesday, February 16, 2000
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