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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (3268)4/25/2002 11:22:15 AM
From: Fishfinder  Read Replies (2) | Respond to of 39344
 
Hi Wayne

Getting back to business.
Hey, I have been looking for new investments in our favorite sector. Its been hard, and I have seen a lot of red flags popping up. A couple of examples include CBD and FGX. Favorites of yours and mine.
After going over the CBD web site I could not help but wonder how the heck they can possibly mine much if any of their deposits when they are surrounded by water. It appears on the maps as though there is water water everywhere. I would say that the water table is only feet below the surface. Maybe I'm all washed up, but I can't see how in the world they willl be able to execute any mining their with out immense water and environmental problems. In my opinion this will be an issue especially when CBD is so close to Rankin inlet.
When it comes to FGX, I sold mostly for this reason as well. The El Sausal project is on a steep hill side with a river at the base. I have seen nothing that discusses this issue and therefore I was left feeling very unsure about the it. After phoning FGX, I felt less sure as they did not give me a solid answer. I sold my FGX at $12.55. Maybe these guys have solutions to these problems , you think they would. But if so you also think that they would tell you straight up.
Sorry to open the flood gate on a good time but I think if we are to be invested in these Co's we should be aware of and on top of these issues.
I'm going to phone CBD today.

Scott