Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (12503)	6/1/2006 5:30:31 PM
From: E. Charters	Read Replies (2) of 78414

Orebodies are what we are talking about. You can have 2000 miles of bushveld but you cannot mine 1/2 gram over 3 feet and you cannot start a mine in a country where nobody wants to put any money. What's left? Norilsk, Stillwater, North American Palladium ... ok you start the mine. PGE's are uniquely valuable and there are not many economic sources. You cannot crack a single barrel of oil without PGE's. I don't see anybody rushing into the Bushveld in order to do mine start-ups. As a matter of fact except for the quintessential political bozos, Dome Mines, nobody is rushing into South Africa to start any kind of mine. Their gold is all way too deep, killing about 1000 people per year, and getting more uneconomic all the time. The Bushveld is mostly scrap. It has had its day. The Alaskan deposits are spotty. PGE's are fairly common in gabbro. I had all kinds staked back in the eighties. Hard to find anyone interested in an option. With China starting to use fuel cells to reduce their energy demand and pollution there will be significant pressure on the market. Platinum is not going down any time soon. EC<:-}

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