Hey Dere Ralfphy, You may already be green and not know it. I heard one of the B.C. Green party use this as a political slogan. Yeah, right. I intend to become totally B.C. green and vote the B.C. Marijuana Party as my vote of dissent. The rest of it is just a coronation of the Liberal Party.
But, we really know how to throw an election here in B.C. don’t we? The Liberal guy in the incumbent premier Ujal’s riding is winning in a landslide just by not showing up in public. That’s gotta be a first. But we’re a province of political firsts. I don’t think any other province has had a premier who lived in a castle in Fantasy Gardens, or wanted one...
Speaking of being green, I’ve been studying up the uranium market until I’m ready to glow in the dark. Actually, after looking into it as an energy source a bit further, it’s not as scary as I had thought. The technology could be made fairly benign, with current and future improvements, but the problem lies in the politics. The political problem lies in the fact that if you make the stuff 90% pure in U-235 or use the leftover byproduct Plutonium from reactor fission, you can kill one hell of a lot of people. Apparently, some political maniacs find that to be appealing.
The irony is that without the politics, there is an energy source that would (through reprocessing and harvesting the ocean) keep us in electricity for about a billion years. With the politics, we could kill all life forms on the planet in a matter of hours. It’s certainly a unique substance, but one whose price, I feel, will be on the rise for either scenario. Pecunia non olet.
You know, I’m finding that the mining sector is a strange market to follow. The trading of partners and incestuous relationships would make a royal blush. There’s more swapping of wasting assets than in Pigeon Park on Welfare Wednesday. In short, I love it.
I’ve been looking into Voisey’s Bay from the aspect of what could happen with Brian Tobin performing tricks for Jean down in the big smoke and a new premier, Roger Grimes, cutting a deal with INCO. This could well open the way for smaller companies as well with employment promises driving the government’s decisions.
It also doesn’t hurt the negotiations to know that all parties want to see it go ahead and that the mining industry in particular would like to see credibility restored to Voisey’s Bay and that the former mines and energy minister Rex Gibbons, is a Director in Donner Minerals and is also now the CIM’s new national president.
I don’t know, they seem to be fairly substantial straws that I’m grasping at.
Donner has been putting together a group of companies under their aegis. So, now I’ve got to wonder if they are developing a strong company for its own sake, or a partnership with INCO, or if they are preparing an hors d’oeuvres platter for INCO to take over. In any of those ways, it could be profitable if (read when) Voisey’s Bay makes its comeback.
Just thinking out loud here; but, I’ve also been picking up some Donner at 12 cents. As a self-confessed newbie in the mining sector, I realize that all of the above may be sophomoric, but what the hey, Denison’s been paying off so far (hope I haven’t burned out my beginner’s luck). So, I’m thinking about joining the Donner Party, looks like a good weekend for doing some DD by the barbeque.
Happy Trails,
Lenny |
