Read your reply with great fascination. A couple comments if I may and a Q or 2?
The comments...
you wrote: I foresee mistakes and I wonder if all the [ABX I presume] acquisitions are prescient of a higher price or just some other engineer's mistaken vision of what will make it.
That's a fair question and one we will only know "in the fullness of time" as old angel winged Ed Hart usta say. You certainly made an excellent case for incompetent engineering and ostrich type outfitting.
you wrote:
There are a 1000 reasons not to use AA for assaying and they knew none of them. I had run into a few from hard won experience. Sounds like the tattoo I repeatedly wrote on the Bre-X thread several years back. Thoughtful, awake and alert People who have seen one attempted to just get calibrated in the first place would spot about a dozen places to question protocol in just the initial set up of the AAS. I watched that process once by a very competent assayer who doesn't trust them either and wanted to further my miner's education about 10 years ago. Then we MUST toss in the 400 ways to screw up a bottle roll prior to the aspiration<grin>
In fact, I will NOT invest one thin dime in a venture based on AAS results. It is frankly a fluke that I made as much money as I did on Bre-X, because I had NOT known until after I had gotten out in the mid US$220 stage just prior to the crash, that Bre-X was reporting AAS results from the get go. Had I seen that prior to Strathcona's AAS results that thrashing of the stock, I'd have gotten out sooner. And SNC Lavin also has earned my disgust as well.
Q: for the few serious sector investors on here, would you please consider a post which details what are the primary weaknesses in AAS "hard won experience?" I've tried many years ago to enumerate just a few. I'd truly like to hear what you learned the hard way. Maybe it will enlighten the serious ones who are johnny/suzie investor come lately to this sector to run like the dickens when they see ONLY the AAS testing method used. I think it is worth a shot.
Q:
Have a few choice words about Strathcona?
Q:
I came late to the Peggy Witte saga...have met her, read everything I could get my hands on from Canadian press coverage on her in which she was both cannonized and satanized. And I STILL admire the woman greatly. I believe she kept her mines open inspite of incredibly difficult circumstances--sabotage and deliberate death of some union organizers on her properties just to name 2-- before she ran afoul of the imminent domain thievery & greed of the Canadian Govt, which in my opinion, broke the spirit of her team and the back of her operations.
I've often wondered from this insulated distance if ABX helped organize the imminent domain thievery to "teach her a lesson as an uppity woman" after she failed in her bid for LAC minerals and walked away with such a fine payoff for her run at LAC. While I admire her personally, I'd like to think I could read anything more you would care to pen about Peg's experience good or bad, and her RO's demise with an open mind.
And I'd ALSO like to know what has happened to her and if she's left the industry entirely, which I somehow doubt...she's just fallen off my radar screen and I've not known quite who to ask. I'd like to know what you think and would want to share from your industry insider viewpoint. Thanks very much in advance!
Well, there's enough for a couple posts...I trust you can do the AAS topic justice as I believe it will be highly bookmarked and a "keeper" for all G&S equity investors...a benchmark/highwater mark for this thread, frankly.
Perhaps I could suggest you would deal with AAS as a stand alone and then perhaps take a second post to cover the Peggy Witte saga from your perspective.
Thanks, E. C. for your time. |
