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To: The Philosopher who wrote (3627)	8/23/2002 3:21:57 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 12465

Chris, I belong to NAIC, and I have all the magazines going back 6 or 7 years now. I'll see if I can find it... Thanks... KJC

To: The Philosopher who wrote (3627)	8/24/2002 5:09:02 PM
From: E. Charters	Read Replies (2) \| Respond to of 12465

<font color=red>Crayon test. We mine gold and sell bricks I have had investors tell me that they don't understand the gold business. I tell them neither do I. I can't understand how it can make so much money for so many companies and still politicians and new agers are against it. My formula for a mining investor is he has to have fixed his own car at one time, or be into a skill or profession that requires mechanical insight and dexterity. i.e. doctors, dentist, engineers etc.. Surprisingly, programmers and tech guys like resources. Maybe its the adventure aspect. Few purely financial oriented people like businesses that are marketing light, engineering intensive. And few people like stocks that do not sell traditionally above 20 time searnings. I think most businesses are easy to understand. They build or engineer a product/service, it has a need in a growing sector or on that is undersupplied, or offers a new and enabling technology in an attractive way, and it markets this product in to groups with surplus capital. What factors may be hard to understand or predict is can the management group hack the equation, are they funded enough, will their engineering and marketing be competent? Is the demographic and need there? It the solution in demand and is there cash for it? Does it generate a greed? A lot of demand is driven by new buyers i.e. demographics of population growth and movement and new need. i.e. better tires for status SUV's. All companies that look to do B2B had better have a depth of engineering/financial talent and distribution/contact infrastructure. People looking to do retail had better have some kind of broad national access to shelf space and have done lots of homework. Service and other companies have myriad regulations to abide by and government connections/know how are needed. (airlines etc..). They had all better under$tand the need for good adverti$ing, and that the Internet is not a medium for that. I use this simple test. If I saw the product on a shelf, or were a company in need of service of that nature, would I go for it? Would I buy their PDA, or use their networking software? If I would, it's a good stock. Don't buy the paper. Buy the business and its product. But you all love gold. I could drag all of you out to paw through gold gravels in the wilderness with a beatiful mountain backdrop. You would pay big money for the outdoors and the vacation. And when you found gold in your pan, you would be jumping up and down like kids. ah! but Invest in the very same kind of venture on a larger scale ... well we left that 19th century mentality with the turn of the millenia. 'Sides, didn't our favourite author say a mine was as hole in the ground with a lawyer at the top? (Samuel Clemens was a prospector at one time. He was rather unsuccessful, perhaps leading to his laconic bitterness toward the trade. ) EC<:-}