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Gold/Mining/Energy : Winspear Resources
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To: DueDiligence who wrote (7582)8/7/1998 1:41:00 AM
From: E. Charters  Read Replies (2) of 26850
 
Russia has lots of gold. I once talked to a Russian Professor who ran Russia's entire gold exploration program. He outlined in 1992 about 20 Russian mines that had large reserves and were not in production because of lack of investment.

At one time all Russia's production came from placer production and their technology in this regard was very advance. The Knelson concentrator is a copy of a Russian design..

Russia has big problems and not very many solutions. It is high risk in many ways. Russian business men and Russian mafia are hard to distinguish.

Actually we are pretty crooked too. It is no sunday school picnic on the VSE. But Russia has no redress of these difficulties. You are overseas you are in a bind and the courts and the government are no help. Lawlessness is the norm, not what you may run into.

EC<:-}
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