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 : Desert Dirts, Gold & Platinum, the emperors new clothes
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: go4it who wrote (1489)6/16/1998 11:03:00 AM
From: Bill Jackson  Read Replies (1) of 1913
 
Charles, It will take time for the DD miasma to vanish. Traditionally the fake DD preyed on retirees and others who had money and whose cognitive capacity was reduced but their greed endured.
The tales were carefully crafted to appeal to that group. Few rich people with advisors were trapped.
The ratio was so bad at one time(?) that you could say with certainty they were fakes. Now it is about 98% certainty. Do not forget that you have made no claims about your lands except they are potential exploration lands that you are gathering a consortium of equals to explore. These syndicates are quite common and are a valid group mechanism. In essence you will test the ground and proceed depending on what you find. There is no reason for you to make any statements at all to non members. Once you prove your ground you can either try to bootstrap a small mine or finance with bank/equity/major involvement. At that time any of those groups will want to do a DD with a reputable DD company. Ideally you will find fine sand with gold and you can bootstrap with a front end loader and a knelson concentrator right to the bank(it has happened), however it is likely that a certain minimum size will be required that might be too much for the local group or need too many people to stay as a non reporting syndicate. At that time you can go public and fight with the Naxos, maxams and IPMs for peoples dollars. Or sell to Barrick and retire if you get a good deal.
What is the past history of AZ with regard to gold mining?

Bill
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