Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Johan Cloete who wrote (10918)	7/16/1999 7:27:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 14226

Johan, welcome to our humble "abode". Since we are discussing platinum in general, could you tell us in general terms what is the cost of extraction of Pt from these two mines? If the thesis (a very speculative one at that), that the desert dirts and "prairies" gold bring a new era of low cost Pt production (a not very tenable thesis at this point in time), what would be the long term impact on the profitability of these two outfits? Zeev

To: Johan Cloete who wrote (10918)	7/16/1999 7:31:00 AM
From: Chuca Marsh	Respond to of 14226

Johan,( Welcome also we must discuss the FUTURE, things are going to be different in mining - albeit not proven YET) the sands of time will change Platinum Group Metals forever in time there will be a realization that the HARD ROCK - 2-5 miles tunnelling deep down in the bowells of the earth with near mass labor pools that are breathing borderline air and enduring hardships just to get to work will find that Placer Mines of a new breed will ursurp the traditional classifications of PGM producers as notices as placed on the News Wires YESTERDAY will befall all South African PGM producers soon, sorry...RE: " CARE & MAINTENANCE PROGRAM ": <<..2) I am a great believer not to keep good news only to myself, but with the great track record of platinum stocks in SA, I thought people might appreciate what is not a speculative "hot tip" in terms of investments, but a very solid investment opportunity with an exceptional track record. You might be interested to know that I have already received positive responses ..>> At URL linked from Maxam Gold & PGM Company Thread: Message 10530398 Message 10530398 My Prairie Thesis Picks: Message 10530398 Message 10530398 Subject 8393 Subject 8393 BMD is next to Oil Sands Surface Excavators: SEE RD Thread at RB and BHMNF Thread there also: as news by RD Shell came today about the Threand In Oil Sands, and I acn only guess at implications to PGMs on the same leased areas: Chucka Care LINK: Placer Dome Inc - Las Cristinas gold project suspended Placer Dome Inc PDG Shares issued 250,058,657 1999-07-15 close $14.8 Thursday Jul 15 1999 Mr. Earl Dunlop reports Minera Las Cristinas (Placer Dome 70 per cent, Corporacion Venezolana de Guayana 30 per cent) has decided to suspend construction of the Las Cristinas gold mine in Bolivar State, Venezuela, due to changed gold market conditions and lower prices which have created greater uncertainty about the future. The site will be put on care and maintenance, with expenditures minimized consistent with securing the assets and providing for certain social needs in the surrounding communities. The suspension has deferred capital expenditures of about $500-million (U.S.) and postponed gold production of 530,000 ounces per year. Placer Dome remains confident in the future of Venezuela and in the project. It is Minera's intention to resume construction of the mine when the metal price outlook indicates an appropriate return on the project. The company remains on track with its strategy to build a portfolio of long-term, low-cost gold mines to create value. It is continuing with plans to optimize its recent acquisitions in South Africa and the United States. Year-end proven and probable ore reserves are expected to exceed 60 million ounces. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) Now the Natioanl Post Link: abuting doc'ed Prairie and $100 Million Info Shareing JV for 1 year with them and Shell/Syncrude/BHP Copper just pulled out tho: Shell Canada Ltd - NP says Edward Jones's Kate Warne likes Shell Canada Shell Canada Ltd SHC Shares issued 289,178,840 1999-07-15 close $30.35 Friday Jul 16 1999 The National Post reports in its Thursday edition that although major energy stocks are up dramatically this year on the rise in oil prices, they still represent good value, says Kate Warne, Canadian market strategist and senior energy analyst at Edward Jones, a retail brokerage firm in St. Louis. For the column, Ms. Warne has selected Shell Canada Ltd. Based in Calgary, this major integrated petroleum company was the best-performing unit in 1998 in Royal Dutch/Shell Group, which owns 78 per cent of Shell's Class A common shares. Shell Canada has excellent natural gas prospects. Its oil sands project in northern Alberta will be an important revenue generator for the company when it receives final approvals expected in the third quarter of this year. If all goes well, production is scheduled to begin in 2002. The company has steadily increased its dividend over the past five years at an average annual rate of 22 per cent. Dividends will likely remain at current levels while Shell invests in the Stable Island natural gas project - in which it has a significant stake -- and oil sands projects, but should increase once these major capital investments are completed. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing