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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: goldsheet who wrote (68252)4/25/2001 5:42:28 AM
From: E. Charters  Read Replies (1) of 116759
 
Any fool can find gold. It is shiny and heavy and soft and collects in large quantities on veins in the claims that I hold. It can't hide. Heck I could train you to find gold as good as I can in about 3 hours. That is if you have to be told everything three times before I believe it.

But you are right. It takes one city slicker to raise money to mine gold from amongst those who are never too sure. You have to shake loose thousands of hard earned from people who are normally so flinty that they do not believe the weight printed on a can of beans, let alone whether it holds prime New York sirloin at the bottom.

As the Mexicans say, you have to own a silver mine to start a gold mine.

A mining "stat" for you. The only mine started in Canada in the 90's, before 1996, that is still in production is an Ontario gold mine. River Gold in Wawa. Now Wheaton River, also a gold mine, in BC, has some claim to that status as well, but I believe it closed once or twice in that period.

There are only two games in town in CDN resources. Diamonds and gold. Gold is "dead" and diamonds seems to be somnolent. Pretty soon we will run out of everything. There were 100 mines operating in Ontario in 1990. 138 mines operating in BC in 1980. Now there are barely 100 mines operating in all Canada.

EC<:-}
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