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Gold/Mining/Energy : Fairmile Gold

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To: Steve Casey who wrote (3625)7/28/1998 5:11:00 PM
From: mark warburton  Read Replies (1) of 4057
 
This stock has been an incredible learning experience for all
who have bought in to Fairmila at all the different price points.
Originally when I first heard of the stock through a freind I turned
to the internet for any news I could find. When I tried the search
engines I came up with the Buffalo Gals ( basically a power group
who gave the stock a forum to interface with other investors and relay
current news and rumours). That group had started when the stock was around
80 cents and long before the 7.00 peak in the stock price.
It didn't go to 7 bucks without a little work from the power group
Chelekis amd Don Rutledge.
I guess for most this stock is just an expensive lesson and learning experience.
What I would like to do is repeat the past getting in low before the run up.
Not with this stock as it will probably not run again in the foreseeable
future.
Find a completely unfollowed stock with promising properties and possibly
decent reserves at a low risk price and repeat the past.
The one lesson I did learn at school was failure to learn history will
make you repeat history.
Mr. Stakiw this stock and reecent developments in the area with grades
around .029, so what! Barely feasible with POG at higher prices.
I mentioned a stock on this forum last year Ontex 322,000 ounces drilled
by Placer grading .26 with all results under .1 thrown out, open at depth
and strike as well as strikes down the fault with the same grades.
No offence Steve but the majority of the Fairmile find would be thrown out
by Ontex in there resource calculation. A little more promise in an under
followed company.
Wouldn't mind starting a power group for anyone else reading along.
Send me an Email would be glad to chat and tell you what I know.
Mark
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