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Gold/Mining/Energy : Precious and Base Metal Investing
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To: loantech who wrote (11702)5/31/2003 4:24:13 AM
From: E. Charters  Read Replies (1) of 39344
 
The problem in this business is where do you get mill money? That is there problem that they have to be brilliant at. It is practically the whole game. There are 70 or more properties with resources drilled off in Canada with no mill money that have languished since 1970. Problem was cash conduits to production. CBd has languished, sort of since 1995. I cannot say I blame them as lots of stories in gold have lost lustre in that time. Perhaps this is its time. I don't know. I would not mind seeing them succeed, but I don't know how to quantify their chances.

AQI's problem is that they have an expensive property and it is in Argentina. It also has a back in. It is cheap exploration for the major. The exclusionary zone is small and may not make a mine.

CKG's problem is that they are expensive stock. No real leverage there.

I have my money on what money I can make in resources in the ground with my own brains. I know that has a good return. I can control that. I am as competent an explorationist as most I read about with properties and stories on the exchange I cannot control what DeGuzman et al will do or say on his properties.

Polecat will plug along trying to get money to mine what is absolutely knows is profitable and is there undeniably. For the cost of most drilling programs we can implement milling on resources that will return money to investors. That is our difference. We are selling dreams of growth based on knowledge of what will make it. Not that we may hit x or y, but that we may develop X to Y.

Y?

Y not?

EC<:-}
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