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


To: Earl Rasmussen who wrote (86882)6/14/2002 10:57:53 AM
From: E. Charters  Respond to of 116927
 
Hello from the (not too) distant past.

Wildcat has anything you can dream of, if the money is there to develop it. This as they say is always the tough one. We did take a look at some small mining situation that is extremely high grade for small tonnage and it looks doable. There may be many more tons there of high, but not spectacular grade. It all depends on the interest. There have been nibbles from potential partners, difficult and reasonable. Some even have money. Most have the same problem everyone else has. There are only X dollars out there, and everyone wants all of them.

It is still fundamentally an exploration property. And it is narrow vein, and quite far north. Not arctic, but north. Everyone wants to see iron clad guarantees before a dime goes in. Those guarantees usually come with a price tag.

We talked to a guy I used to work for who had operated a successful gold mine in the area about 20 years ago. He liked it but he could not raise a dime himself (2 years ago), and he had operated about 7 gold mines in his carreer.

EC<:-}