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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Claude Cormier who wrote (24359)11/4/1997 7:30:00 PM
From: E. Charters  Read Replies (1) of 35569
 
Geographical reserves mean the kind you can draw on map with a thick blue pencil when it's 1 to 1 million scale. You draw it through cities and towns and indian resrves and parks. It is usally reserved for land claims by homesteaders as in Oklahoma here we come.

Mines tend to be more conservative but if you are dealing with gypsum beds or salt marshes or coal you can kind of get wild. In Canada there is an Iron Range that runs from Sept Isle to Ungava Bay, some 700 miles. I don't think we are short of oxide iron.

In BC that scam Geddes Webster was involved in runs from the Stikine river to the St. Elias range in Alaska a distance of 350 miles with copper bodies in it all the way. NDP gave it to the Indians and made it into a park. Fundamentally unfair. But that's politics.

Now, platinum counties are hard to swallow but until the investor is sadder budwieser, I think we will have to "speculate" the probabilities.

echarter@vianet.on.ca
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