My Homework Assignment By Graystone
People who have never spent time in the Canadian wilderness imagine that it is unpopulated, unexplored and uncharted. Nothing could be further from the truth. The First Nations, the Innu and the Inuit live in even very remote areas. Many people don't understand Canada, they think that it is empty space that nobody has done anything with yet. All areas in the Canadian wilderness have registered traplines (all that are trappable and many that are not). Mining and prospecting are also an integral part of the Canadian fabric. At some point in the past just about everything on the surface has had a "look see", everybody's Grandfather did a bit of prospecting, many people still prospect as a hobby. My Grandfather knew that diamonds could be found on the gravel beaches of his property on the shore of Lake Nippissing, maybe, but you had to look.
Today, hundreds of millions of dollars will be spent by mining and exploration companies staking and drilling "moose pasture" in Canada this year. Mackenzie District and Nunavut (NWT)lead the way.
Moose pasture is just that, Canadian wilderness (which is most of Canada), wet, boggy and miserable, unless you are a moose. The stock scams of the forties and fifties in Canada created an old saw, Canadian mining promoters were dubbed "liars with moose pasture" you may remember this.
OK OK , I should have said "one of the largest deposits". It is easy to get carried away as this employee of The Department of Natural Resources Canada commenting on Voisey (1996)demonstrates.
nrcan.gc.ca
Felines opinion is, however, very far of base.
Shall we reiterate.
In Canada, you can drill whenever and wherever you want.
Permitting locations, drilling the newly permitted locations, flying core (if any) back to the lab and waiting for the assay results should take no longer than 15 business days.
It's been three weeks, its all over.
Voisey Bay is a peanut. (100 Million+ tonnes and growing, heheheh)
They should report every dud hole.
Permitted drill locations notwithstanding, the nickel has to be everywhere, it is all unexplored. heheheh
The whole play is over, Teck is a hiding something.
They didn't find anything worthwhile.
I'll buy it next spring. heheheh (I like this one the best)
Whyyyaren't they looking in Tario, it is all in wunnerful unexplored Tario.
whyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyynne
Maybe you should sink some money in RAO Norilsky Nikel. heheheh. Serve you right.
I know there are lots of moose in Canada.
People who know nothing about moose pasture, will likely buy overdistributed stocks with undevelopable properties that have "pretty numbers". The stocks will slide into obscurity and wait for the next group of under-informed overeager me me's to come along before being pumped up again, this will all happen at the expense of investors who have no patience.
People who buy gold mining stocks where the find is in the Queen Charlotte Islands and then wonder why they don't just fire up the old mill and get going, shouldn't be telling anybody to do homework on anything. heheheh
I really like the part of the MGJ news release that stated they are drilling to test the NE extension of the "Northern Abitibi Nickel Zone", didn't you? heheheh
majorgeneral.com (see News Nov 10/1997)
Patience. |
