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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (71216)6/7/2001 9:12:37 AM
From: Frank Pembleton  Read Replies (2) | Respond to of 116843
 
Bre-X did the mining industry, and Pacific Archipelagoes a world of good

I'm not sure about the "good" part, Bre-X reduced the reputation of gold and the mining of gold as something for the mentally challenged. "Good" if you see it hastening the demise of the carry-trade, which probably helped it along in the first place.

Anyway, I've positioned a certain portion of my portfolio in precious metals as a long term investment. I agree with SI board wisdom about inflation, and how to protect wealth.

Timmins, Matheson, Pamour, Hollinger...

BTW: I enjoyed the trip thru memory lane, I'm from Timmins, born and raised -- French Canadian, used to ride my Moto-X bike in some of the abandoned open-pit mines.

Question: I've heard the best way to create demand for the yellow stuff is to actually buy it and take possession. Does anyone have any comments about this site?

goldcurrencies.ca

Thanks EC for the nicely written post.

Regards
Frank P.



To: E. Charters who wrote (71216)6/7/2001 11:23:04 AM
From: IngotWeTrust  Respond to of 116843
 
Thanks E Charters for that excellent Post. The gold IS still in Busang, just like I said, and you just proved it<grin>

For all the newbies out there in GPM threader land...this Charter Post was a keeper for many many reasons. Get out your maps and your yellow marker-pens and start drawing in what the man said...

When the price of gold improves...and these new age economists will eventually pass through the economic digestive tract, HONEST!!!---these will be the places, names and processes that you'll wish you'd remembered.

E Charters wrote:
>>The upshot is that there is in fact a Bre-X of refractory gold awaiting higher prices
that could be exploited ,and will be, when the current crop of new age economists
and paper money mavens retreats and normal human commerce begins again in
earnest.



To: E. Charters who wrote (71216)6/7/2001 1:33:31 PM
From: goldsheet  Respond to of 116843
 
Barrick and Newmont have learned to deal with refractory ores in Nevada. Just over half of Newmont Nevada production comes from refractory mills (roaster/autoclave) at ore grades of .162opt (higher, as you said), compared to .116opt for oxide mills and .031 for heap leach (1999 numbers, since I do not have a 2000 report available)

I agree with your comments - there is still a lot of gold available adajacent to current deposits. A combination of better gold prices, better managed operations (forced to learn dealing with low prices), and more advanced technology (like bioleaching) might eventually unlock some of these resources to make them reserves, then production.

P.S. Here's a blast from the past for you: goldsheetlinks.com



To: E. Charters who wrote (71216)6/7/2001 9:10:02 PM
From: d:oug  Read Replies (1) | Respond to of 116843
 
[Bre-X]gold awaiting... will be[exploited]... [when]new age economists
and paper money mavens retreats..." EC<:o}

"... the man said[says ole49r]... When the price of gold improves...
these new age economists will eventually pass through
the economic digestive tract, HONEST!!!---these will be the places,
names and processes that you'll wish you'd remembered."

ok,
(not a question asking Why?]
The Richard of Mazz crossed the road
because the grass is greener on another Si thread,
not the dull golden color here,
but green as in money,
without those alluring ChucaMarshMello palo colors,
ask Richards waits for the "end" result of the stated
"... pass through the economic digestive tract..."
so that he can eXtra feed his trees,
mixed in with the already air-dried cow pies,
without the crust.

Yet i wonder still,
like a thought that has no motion,
when will you write a book
or create a web page
so that a person with lots of loot
one who can give a hoot
can read the necessary evil of mining promotion
by u
so u can do that actual gold mining
that has little to do with mining promotion,
necessary evil though it may be,
but until it B
like a business plan
[Bre-X]gold awaiting... will be[exploited]
one has to ask
can there be a "will be"
if the "awaiting" is forever?

d:oug