SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Global Platinum & Gold (GPGI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Mazzarella who wrote (5661)4/9/1998 4:37:00 PM
From: Ed Fishbaine  Read Replies (3) of 14226
 
Richard,

By using 90% as the haircut from gross metals values I believe I more than compensated for costs of extraction plus other costs. Why do you believe that extraction will be a significant problem when these sands involve simple earth moving and chemical treatment. There are no heavy infrastructure costs as would be the case for an underground mining operation. I am baffled by you. When you use your particular valuation for metal in the ground which is "classic in the mining industry" are you not referring to lode mines with their enormous costs of bringing ore up from the depths of the earth? The costs of any desert sand operation would be miniscule compared to those costs. Chemicals and labor costs and earth moving equipment are not only tiny compared with hard rock lode mines but the economies scale will be huge.

The desert dirts aren't $100 stocks because noone believes they are real (yet) not because of anticipated huge costs of extraction.

Please enlighten me.

regards, Ed
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News