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

To: d:oug who wrote (4304)	6/13/2002 1:49:17 AM
From: marcos	Read Replies (2) \| Respond to of 39344

That's what EC is talking about in the last paragraphs here - #reply-17593409 ... and he's right, there has been a strong fashion trend away from narrow-vein underground to large low-grade open cast ... economics, the big outfits want big-number projects, and the small outfits can't get capital ... there have been advances in the efficiency of underground methods i've heard, don't know much about it personally .... it probably won't take much more improvement in the PoG though, before we see clear opportunity for small outfits all over the place - NWT, Ontario, Québec, BC In the last sentence there EC leaves out that fact that Dome got way bigger after the war due to being majority owner of Campbell Red Lake, which hit big and made money even at PoG 35, all rich narrow-vein underground ... in the seventies CRL had a wild chart, paid big dividends ... then in the early eighties [?] Dome took them over entirely and merged with Placer Development at the same time, hence pdg.to, which has done little exciting since There is a map of Red Lake on the rmx.v link Gord supplied, follow the links back ..... i hope Dave Webb makes it this time, looks like he has a chance, reasonable property, and no old commie mongolians to screw him there ... just the mild-mannered boy scout church-goin' folk of the NWT ... heh heh