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

To: long-gone who wrote (82318)	2/19/2002 12:15:27 PM
From: E. Charters	Respond to of 116815

PUT DOWN THAT PAN AND STOP LOOKING FOR GOLD, RIGHT NOW! and start finding it New title of a book I am writing. I will also subtitle it, the "Mark Twain Approach - How to be the liar at the top of your very own gold mine." Gold is dead easy to find. I found 30 rivers that ran gold in BC. one ran about 30 to 100 dollars a yard. But BC regs cut that opportunity to ribbons right quick. Finding gold is not the problem. Finding the money to do anything with it is the real problem. Ask anyone in exploration who does it for a living. The eensiests gold mine I have ever run across that will make anyone any kind of money will take 4 million dollars CDN to get going. And that is at 25 cents on the dollar on land equipment and development. With a real neat trick, I know how 4 million dollars can be bought for one million! Sound impossible. Not it's not. Its the magic of treasury money and share prices. Placer is the poor man's mine and that always takes a good grubstake to get going these days too. Cheapest real placer mine I could envision would cost about 100K CDN to get into. You have to move at least 40 yards a day in the richest operation, and that requires a tad of equipment. There aren't too many you can hand bomb and make money at. I ran into one in all my days. I know of a tailings pond that runs between 0.15 and 0.25 ounces gold per ton. With a Knelson concentrator and a few pumps you could make 10,000 a day. But the equipment for midnite placer mining would sizzle your steak, I guarantee it. They want $60,000 for a Knelson - cash - that will process 25 tons per hour, and rentals are steep too. EC<:-}