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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Walt Holberg who wrote (29484)12/24/1997 10:04:00 AM
From: Brander  Read Replies (1) of 35569
 
Walt, this is extremely interesting. I read a detailed article the other day about mining the seabeds. It has been known for a long time that there are very rich pm deposits there, but no one has tried to mine them yet, mainly because they were too deep and, therefor, expensive to get out. Now, they have found some shallower areas with these very rich pm deposits. I've seen pictures of them before, and they look like large nodules, many of them just siting on the seabed. In shallow water, it would seem that they would be relatively easy to get out, and they are supposed to be rich enough that not much processing would be necessary.

It has always been knows that the sea contains the largest deposits of gold and other pm's in the world, by far. The problem has been extracting it economically, and, also, there are enviornmental concerns.

Happy Holidays,

Brad
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