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

To: gold$10k who wrote (74243)	8/2/2001 12:34:07 AM
From: IngotWeTrust	Respond to of 116816

Hi, VT...better late than never, right<g> Yes, you came into the middle of a gold conversation between self and RussAu. My reference to Clive was a reference to Bema/Arizona Star/Refugio's CEO. To E. Charters credit, he pretty well described the contempt that man is held in by his mining peers a few posts after my reference to "Clive." RE: Your observation about the price of gold not concerning me. That is true on two fronts: 1) I am a known gold-recycler and my cost per oz is less than $20 per 23.9K refined, tangible ounce. 2) I am in the process of picking up more gold mining property claims including lowballing some patented property out here in eastern Oregon. These are mothballed ops since just after the turn of the century up until the WWII edict cleared out the miners and basically closed down the then at $35 per oz profitable low cost operations out here. As long as the price of gold stays low and I watch my overhead, the upgrading of my actual mining properties from which to chose is actually going swimmingly. Thank you for asking. My viewpoints on the rebuilding of 2 equity positions in the world of mining equities is not ready to be unveiled yet. When the time is right, and I've basically built my position and that of my children, then I'll be willing to talk about them, but not until. When I do, I'll have plenty of supportive information of that you can be assured. Truth is, there are always legit opportunities and I've learned a great deal about what to look for in the 3-M's of mining investment: Metal in the Ground Money to finance it Management to run it. I don't put a dime in if I'm not satisfied on all three, and if one of the three fails to perform, I'm known by reputation to holler loud and long my change in investment philosophy on any I think are worth mentioning by me in the first place. A few more words about modus operandi: Out here, away from all that Gata-Nuts and Smurphs in blue training jumpers, away from the Goosesteppin' Greenspan, ... in the real world of mucking and mulling, there are many profitable deals being done as projects are quietly being purchased for cents on the dollar of proven pre-1935 reserves. These acquisitions don't get fanfare, nor do they garner headlines. Sometimes the "big boys" come a knocking at the new owner's doorstep, and sometimes the Grim Reaper arrives first. However, if it is the latter, you can be sure that the offspring of said mine purchasers have been brought up to speed prior to said Grim Reaping, and THEY will not let multi-million ounce ops out of their sight without being compensated handsomely for their or their progenator's visionary purchase, whether gold is at $265 or $625. However dogged the greenies appear to be, private mining property is still private mining property, miners are winning more and more on the district court level which reverses lower court decisions, AND, there are muzzle and leash laws still on the books that the greenies gag on. The rest of us are content to legally fly under radar and get the gold mining job done, even if it is on a "minor miner" scale. Thanks for writing. When I decide to make either or both of my two selections known publically, outside of my immediate family, it probably will be spoken of on SI in a timely manner, albeit relative short notice. I will however, release my research and decision to position build to an old friend who is one very savvy private newletter writer before posting my picks here. Until then, carry on in the fascinating g&s mining stocks/topics thread. I'm usually around. gold_tutor