SI
SI
discoversearch

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 : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?


To: bill who wrote (508)6/20/2002 12:38:01 PM
From: VAUGHN  Respond to of 613
 
Hello Bill

I agree, the nature of some comments seem so pathetically adolescent, that teenagers or those with a similar mental age, have to be the source, but there are others, and I am thinking of one in particular right now, who doesn't sound like a teen. He sounds like an embittered arrogant p..k with an axe to grind and a manipulative agenda to fulfill and his posts sound just plausible enough to persuade people with common sense, and that is just too dangerous to allow to fester.

Ultimately, all of us should wonder about the motivation of anyone posting positive or negative stock comments.

Positive ones presumably come from investors, but why would anyone go to so much trouble to post negative comments week after week?

I trust the answer is obvious...

Unsubstantiated hype is bad but fortunately, often more obvious than unsubstantiated depreciating comments. Negative half truth technical comments have a way of sounding true if the reader is not so inclined, while positive half truths tend to still sound like hyperbole.

Having said that, if anyone invests thousands of dollars because someone on a thread said "Up, up and away!" I would have to recommend that that party consider having a trustee manage his or her money.

The hype that really gets my goat however is, "I heard a rumour that such and such..." Let's face it, if a Jr. player was putting out rumours to friends, etc. that would be a play to stay away from, not invest in! You don't really think you’re the first to hear such a rumour do you? I suppose P.T. Barnum was probably right, but at least some of us can try to refute the B.S.

Any company slipping out news to friends ahead of public release in today's investment environment would be before regulators pretty fast. It’s just too obvious when volume spikes ahead of news releases.

Like Joe Friday said, "Just the facts mam..." Shrewd investors look for them. Something that can be substantiated... not simply sound plausable! If opinion is offered then it should be backed up with some means of confirming its basis in fact. If not, then regrettably, those speculators and investors who act on it, have only themselves to blame.

I have often posted opinions, as I am sure most of us have, and it should be viewed as such, but as much as possible, I will try to offer some means of substantiating what I am suggesting. Constructive debate is obviously good and concerns should always be voiced, but I suggest that when negative (or positive) comments are offered, view them in the light of reason. If no data supports them, call the author on it... put up or shut up.

Regards

Vaughn



To: bill who wrote (508)6/24/2002 12:14:02 PM
From: VAUGHN  Read Replies (1) | Respond to of 613
 
Hello Bill

Here is another glimpse of some numbers suggesting profitability grades in Australia from a MiningWeb article. These are US $'s:

"The Ellendale stage one mining operations were expected to go for about 2-3 years and would initially focus on exploiting the rich near-surface resources of the Ellendale 9 pipe, with a view to generating strong early cashflows, before switching to the near-surface zone of Ellendale 4 after about 12-15 months.

An independent feasibility study conducted by Snowden Mining Industry Consultants showed that, at an increased processing rate of 715,000tpa, the stage one operations could contribute A$63.4 million in revenue and A$34.7 million in pre-tax cashflow. At a base case processing rate of 500,000 tpa, stage one would recover an estimated 227,194 carats at an average value of US$99.51 per carat."


$45.22/tonne @ .45c/t

Its early days yet, but as I have suggested previously, data so far suggests that FT should produce much higher values per carrat and TWG's consultant suggests that grades/tonne in the above mentioned range appear to be indicated.

I would also expect TWG to produce at a much higher rate than 715,000tpa and certainly more than the 500,000 indicated for these numbers!

mips1.net

Regards

Vaughn