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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (275)	6/23/2002 10:13:20 AM
From: E. Charters	Respond to of 5423

I don't know anything about the Northgate-Doublestar things or Sustut. Perhaps you could furnish news items for analysis. A lot of stuff is being predicated on metal prices could not get any lower. But money is tight despite low interest. If money gets funny as it did with Newcrest we could see blow ups. Be wary of creative financing. BTW I am leery of Teryl, Tan Range, and Kalahari because of management concerns. In this new junior debacle, which was noted will result in failure for most, I think we have to look at their projects with a jaundiced eye. Granted most fell out of bed on general concerns. It is hard indeed to get money for gold these days. But most too are poor operators; give them a gold mine and they will fuck it up. (Glimmer -- they shipped to custom milling for chrissakes!). If you don't mill your own stuff and mill it with some creative input into optimization of process, you are likely to fail. Gold mining may be mature, and milling is too, but lots of mistakes can still be made (Dona Lake, Cullaton Lake, all the CIL and CIP mills.). Gold mines are made not found, so it pays to look at who is making them. Right now I am looking at PRR:V because the property a former BHP drill off in the Pickle Lake camp, looks interesting. Management does not look that deep, but not that bad. I don't know that I would hire them to run my gold mill, but they may learn fast. I have a line on a formerly listed junior that is seeking money. At least these guys have expertise and a good orebody that is turnkey. Got to be a dollar upside in a financing. If you want details I need to know who the people are you talk to first. I won't play blind. EC<:-}