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: Graystone who wrote (82723)	3/1/2002 8:05:18 PM
From: E. Charters	Respond to of 116768

John Felderhof had said there was a lot of gold still in Bre-X. He wasn't kidding. At 260 dollars a share you could not make more money mining it if it were King Solomon's mines. Borneo has a lot of placer gold. The Chinese mined gold there for 4,000 years. Most of the gold is fine water-worn rounded grains like the kind they found in the Bre-X samples. The hardrock deposits are for the most part refractory, found in the iron hat hills that are sulphide not eroded by the tropical acids. There the acid rain formed erodes the granites and leaves the sulphides as exposed hills. It is dead easy to prospect. You just walk the ridges and roast and pan the sulphides. Since that is the case there should be bauxite and nickel laterite in some of the valleys, but I don't hear it being mentioned. Friend of mine who worked for Texas gulf explored there for a few years. There are two trouble with Indonesia and that general area for gold. One is that the government is as crooked as a dog's hind leg and won't allow development without ransom and two, the gold is locked up in sulphides for the most part and is what they call refractory. i.e. youcannot easily mill it by "normal" methods of drip-leach cyanide. Actually, if you know the methods used in the States in 1896, then the refractory gold deposits are actually more economic than the quartz-locked ones. But few mining companies seem to figure this, as it is a presently unpopular technique. 1.5 million ounce 1/10 of an ounce sulphide gold deposits came back with negative feasibilities around the Bre-X time in that part of the country. In fact I could make money hand over fist with non commercial gold deposits there, if an only if they were refractory. But the government is intractable and the investor is hard to convince now, in the wake of all that trouble in Kali-mountain-of-gold. EC<:-}