To: d:oug who wrote (71247 ) 6/8/2001 4:32:46 AM From: E. Charters Read Replies (1) | Respond to Good questions all. If you figure where the money comes from in gold or other places the answers are already writ. One, the average investor puts his money not in growth he can figure but in excitement he can feel. It isn't his brain but his LCD given consensus or his greed that tells him to make the not so common sense investment. So all promoters know to push those buttons and don't try to make the loot look soberly at investment grade resource stocks. This is especially when all the suits we have elected have made value judgements about man's activities and relegated some to the scrap heap. In the 1880's to say 1960's Gold had a clarion call. The still unbrainwashed masses reacted palpably to the machinery of mining promotion. Still many a scam abounded. But the lack of capital gains tax in Canada and its huge focused resource market drove the investor to the bucket shops to watch the board. Success stories like Noranda, Lakeshore Gold, Texas Gulf, Agnico Eagle, kept them coming back. In the old days the Toronto board had more share volume than the NYSE. In those days too, many in the south 48 looked north as a pioneer frontier. England was encouraged from both sides to invest in Canada, still part of its empire even then. But later, Canada with more easterly a gov't influence, FIRA and an ever increasingly unfavourably crooked VSE and a taxed investment climate has retreated from the exploration industry steadily under accompanying heavy government pressure. Mining exploration business practices evolved very conservatively. Unlike business or retail sales driven industries, an explorationist, being a total loss company does not write a business plan. Their plans are written on a propery by property justified basis by engineers and geologists. The plan to extract metals profitably is entailed in the engineering feasibility, which cannot be written until the work is done that provides solid proof. By contrast, the business plan of the average industrial sales company is just wishful thinking. We have plans that are quite detailed. When we see a certain interest level and the detailed watermarks on bank drafts and not just shoppers on the net with monikers we may feel inclined to share.
