SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : International Precious Metals (IPMCF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rock Doctor who wrote (21984)10/9/1997 1:06:00 PM
From: Tim Hall   of 35569
 
Rock, you seem to suffer from the same affliction that many in the oil industry suffer from. Not understanding the nature or financing of mining. Back in the seveneties, the oil companies with all of their profits bought out most of the major mining companies in the US and some outside the US. The result was that many existing mines eventually closed and many planned mines never got started. Almost all of the oil companies have dumped their mining interests and are out of the business.

You can drill a wildcat oil well out in the middle of nowhere and if it produces, you can probably find investors or bankers falling all over themselves to invest in the potential new field.

You can't drill one hole out in the middle of Arizona and get a banker to lend you money, even if BDB has confirmed .8 oz ton from that hole. Mining is much more sensitive to reserves, recovery and the time value of money than oil operations. I worked for major oil companies for 11 years.

Tim Hall
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News