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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: koan who wrote (2120)11/21/2005 7:42:29 PM
From: koan  Read Replies (2) of 78405
 
Now to answer your question-lol.

My largest position is SLW wts which I bought at around .31.

But I also own HBM and BWR wts which have so far not done a thing-lol. The reason I own them is because copper and zinc prices just keep rising and the LME warehouse stocks just keep dropping.

Of all the metals many feel zinc will have the largest deficit. Also these companies are so flush with money and property they are doing tons of exploration on top notch proeprty. BWR hs 42 properties and s doing a ton of drilling.

You know what they say, the best place to find a gold mine is at a gold mine-lol.

Any good permitted property is quite valuable today. The demand for metals seems insaitable and the environmetnal lobby (our people-lol) is being pretty dogmatic in just locking up everything.

As you know a high cost of operation can be a kind of leverage. The Big Hill deposit in Main is supposed to have a billion oz of silvr at 1 oz per ton. And it would take $10 an oz to get it out. At $8 silver it is worthless and at $50 silver it is worth $40 billion dollars. I think this is correct-lol.

I also own UNB, WM (exploration) QTA exploration, MAI exploration.

Claude has so much more knowledge than I, about these companies I take what he says quie seriously. He is a well grounded guy.

But my thesis at this point is that the US will continue inflating the world, so all prices should continue to rise. And I think this move is a long term secular move.

Also, it is inevitable we will get speculation on top fo that and we may be seeing this right now. And asians like to gamble so with them in the mix (ala the internet and new found prosperity)all hell could bust loose.
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