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

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To: ogi who wrote (62282)	11/21/2008 2:50:24 PM
From: E. Charters	Read Replies (2) of 78408

That is why patents sit there forever too. Patent owners are always unrealistic about value. They can sit on their claims forever and make outrageous demands, so they do! And never get them. You would think they would wakie wakie but human nature is funny. I guess they think that the reason there is no interest is the mining industry is moribund, not them. It can't be the price. I don't think CFO has a chance of getting the money in today's market. They are too weak. The payment is ludicrous. If the claim is any good, they can wait for their money until there is a financial reason to make that kind of payment as in a really good bankable feasibility. Most producers could not pay that much for the privilege of mining their ore. As a smelter return it represents 300,000 ounces production at $1000 an ounce. Absolute hooey. Sorry, the CFO owners are unrealistic. I have seen it, and that is why properties often don't get mined. The people who own them are not in the mining business and don't have a clue about market, costs, or anything else it would appear. Same goes for Ecuador, their "at least" 5% smelter return is hooey. Way too much on top of their greedy grab tax rates. Many developing countries make that mistake. They just don't get it. Canada developed its mining industry with a permissive tax regime that recognized the short life of most mines. We got rich with foreign investment into those mines. I don't see us crying. Latter day city boy politicos with green knees decided to jerk against the filthy mammon miners who admittedly had more junior promoter crooks than Ali Baba, ( about several 100 times more) and killed the golden goose. Gold at $1031.66 CDN. EC<:-}

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