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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Chuca Marsh who wrote (2)11/17/1996 7:48:00 PM
From: Richard Mazzarella   of 615
 
Twain said "A gold mine is a hole in the ground surrounded by liars". There is considerable risk in these desert dirt "weird ore" plays. Naxos is not trading, GPGI keeps changing their story, CHIP has management that has batted zero in the past, and IPMCF looked to Naxos to help justify weird ore assay and keeps waiting for a report. Is there precious metals there? Probably. Can they get them out cost effectively? Maybe, maybe not. The metal could be pure gold on the moon, but the cost of recovery would be prohibitive. I start my presence on this thread with very generalized statements and will become more specific as a dialog develops.
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