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: Proud Deplorable who wrote (55070)	1/6/2008 11:02:22 PM
From: PaperPerson	Read Replies (2) of 78427

I have no political axe to grind here re Ecuador or Venezeula. I am just trying to look at the world the way it is. In Ecuador, I thought I already showed the general problem by linking to the stock chart on Ascendant Copper. stockcharts.com Another type of example would be Casey International Speculator's BIG GOLD letter dropping Dynasty Metals DMM.to in December and citing Ecuador's excess profits proposals as the main reason. You want to see more Casey types jumping on your stocks, not abandoning them in fear. Then there is Aurelian. Can you imagine what that deposit would be worth if it were in a safe jurisdiction? Here is the one-year chart. While the company kept coming out with more great drill results through 2007, the stock is just laying flat. finance.yahoo.com OK, that's Ecuador. Now, in Venezeula, why do you think Gold Fields packed up and left at a huge loss, turning the property over to Rusoro? It sure wasn't the grade or the size of the deposit. Here is what the Rusoro site says. "With the acquisition of the Choco 10 mine the Company has taken a landmark step towards its immediate goals to significantly increase both its production and its current resource base. With the combined assets of Rusoro's projects and the Choco 10 mine the Company should reach 150k oz/yr Au annualized production in 2008 and boast 12.8 million ounces of gold discovered to date. The Company is well funded to meet its 2008, 300,000 metre drill program and mine expansion commitments as part of its continuing aggressive approach to becoming an intermediate gold producer." Here is Gold Fields selling to Rusoro in October. goldfields.co.za By the way, Casey Intl. Speculator is still recommending Rusoro, even though he is down since the initial rec. His reasoning is that Rusoro is run by some well connected Russians and that Chavez gets along well with Putin. Michael

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