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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: koan who wrote (14396)6/25/2006 5:57:50 PM
From: onepath  Read Replies (1) of 78417
 
Just reading about Kinross's Paracatu low grade surface mine in Brasil.They bought out Rio Tinto's 51% then drilled the crap out of it.Result a gain in reserves of 90% to over 15 million oz. making it the third largest gold mine in the N. Hemisphere and reversing K's fortunes.Proof that it is a better bet to go with those that have proven deposits or are on old minesites.Also means most if not all of the permits are in place.RDV CMM MMGG DIB ECU EDR GPR ECU IPT UC all fit this model.
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