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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: jackjc who wrote (44913)7/15/2007 4:48:50 PM
From: E. Charters  Read Replies (1) of 78408
 
Buy the whole company as a CDN subsidiary and hire Asians to run it. You can get it arranged so that taxation paid only once, as there are taxation agreements between the countries.

I am not sure it is cheaper to operate in Canada, energy wise or labour wise. I am not sure what you pay miners in the states, but in Canada, you have to sell your mansion and hire out your offspring as slaves to get a long hole driller to show up drunk. 6 months training and they make 50 dollars an hour and lots of mistakes. If I told miners I would pay them 25 dollars an hour they would laugh at me. If told them I was not going to pay a bonus they would throw sharp rocks at me. In 1980 we used to pay gold miners 12 dollars an hour and they made about 13 dollars bonus per hour. In 1977 as a miner I made about 8.95 an hour and perhaps 23 dollars bonus per day. Almost a 100 dollars per day.

I know some engineers who want $20,000 a month. Most geologists ask for 400 dollars a day. I don't think we need to pay that, but it will be expensive to get technical help. They just don't exist anymore.

Maybe TD Greenline has CDN stocks in US accounts. But the accounts are in CDN dollars aren't they?

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