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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: Paunch who wrote (28399)2/16/1999 12:36:00 PM
From: Hawkmoon  Read Replies (1) of 116764
 
Paunch,

Apparently that find is at the bottom of the ocean in a still active tectonic region.

I can't remember where I read the article (maybe here), but they stated that it seemed quite rich in a variety of metals other than gold.

The difficulty is how you mine it and the cost of doing so.

Those familiar with the manganese nodule craze back in the '70's recognize the costs and difficulty involved in mining undersea mineral resources.

Regards,

Ron

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