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

To: IngotWeTrust who wrote (89492)	9/12/2002 1:04:25 AM
From: E. Charters	Read Replies (1) \| Respond to of 116798

Most of the deals made on mining claims in Canada are based on a standard format. This changes somewhat in the states, but claims are sold on an option basis with reserved royalties and work commitments. This is done for obvious reasons which I will belabour herein. 1.) if you pass control to an optionee or company, where is the guarantee that they will develop the claims according to any sort of schedule? 2.) if minerals may be found that are not immediately evident, where is the formula for payment of this to-be-found resource? In any given mining situation there is always unfound resources. That is why mining companies have exploration programs that are ongoing. The standard is, that a feasibility study is usually based on 30% of the ore that my be mined in total. Rarely is it all drilled off. 3.) royalties are based on total revenue because there is no way to determine profit with myriad different accounting systems. But they royalty must reflect the general costs of the industry. In Canada the median is a 3% royalty gross revenue, and this is called a "net smelter return". It should properly be called a "gross revenue royalty". The buyout is really impossible to determine beforehand as how much mineral will there be found? Is the prospector expected to drill it all off and do his own feasibility? Why is the mining company so eager to get the property in the first place if they are not betting on the value being as great as the prospector thinks it may be? Neither of them can say it isn't A or B in value, so they had better make a deal considering that it might be either. I beware of deals that are too simple. My deals usually run to 10 to 20 pages, depending on how much needs to be defined in terms of force majeure, occupation of land, environmental responsibilities and other terms and schedules, Some people like the simple, or handshake deals but they leave a lot of questions unanswered don't they? "Trust me", is a phrase that in the end inspires no relaxation. If they don't want a lot of terms, that define the understanding completely. what are they scared of? If they intend to do such and such act or undertaking, why don't they sign that they will? I used to hear from mining companies all the time "we would do that". Well, put it in writing.. "well it's not the kind of thing you would put in a deal". I say, if you will do it, and intend to do it, you can write it down and sign it. Other excuses you hear, is "the deal does not give me flexibility or ties me down if the confidentiality period goes beyond 2 years." That is rich. They cannot steal the claims for 5 years, so that is and impediment! In the end you have to trust, competence, honour, ambition and integrity of the company that develops your claims. It is hard to find the whole package. And they can run into bad luck too. You like to find people you can see eye to eye with and have the capital and will to go ahead with the kind of project that will maximize revenue. It is all too often a pipe dream. I have given up on large mining comapanies almost entirely. And the small ones have no balls. They cannot find money and they are scared of mining or they don't know how. The honest are incompetent and the "competent" are thieves. EC<:-}

To: IngotWeTrust who wrote (89492)	9/12/2002 8:40:11 AM
From: long-gone	Read Replies (1) \| Respond to of 116798

Looks like these folks want to put you out of business or change your business greatly - get you to buy their tools? also might reduce profit from future mining unless process can also be used to refine ore? Monday August 12, 7:45 am Eastern Time Press Release SOURCE: Result Technology AG Result Technology AG Introduces Unique Recycling Process to North America TORONTO, Aug. 12 /PRNewswire/ -- A unique materials recovery process that promises to revolutionize the recycling industry has been introduced to North America by Swiss-based Result Technology AG. The company is a long-time expert in the disintegration and separation of compound materials through an environmentally friendly mechanical process. Says Peter Virsik, vice president of sales and marketing, "The economic aspects of this new technology are dramatic, with a high recovery rate of valuable substances now possible using Result Technology AG's unique new process. Even better, this recovery process has no damaging environmental impact, since it uses no fluids, gases or chemicals that would accumulate toxic substances or hazardous wastes. And the applications are wide for a diversity of industries who want to divert their waste products from costly landfills and incinerators." Result Technology's unique materials recovery process can salvage rubber and textiles from tires. The growing problem of electronic wastes such as printed computer circuits in the nation's landfills is alleviated by the processes' recovery of materials ranging from copper, aluminum, lead and tin to more precious gold, silver and platinum. Large quantities of plastics and metals can be recovered using the process, which delaminates or separates compound materials that are fused or laminated together, and which are currently landfilled or incinerated. Electric cabling can be transformed into once-again usable aluminum, copper and plastic. Domestic electronic products from CD players and computers which have reached their "end of life" are also candidates for this recovery process, along with numerous applications to recover such materials as aluminum from packaging industry waste. The process allows for both plastics and aluminum to be recovered in one process. Adds Virsik, "The process requires low energy usage with high energy efficiency and input materials maintain and preserve their original solid state during processing. There is a high degree of purity and quality of output as well as a high degree of flexibility to process a wide range of materials. Maintenance down time is very low, as is labor costs for operation." Result Technology AG expects to sell the unique equipment for this process to recycling companies, original equipment manufacturers, and other businesses throughout North America, in addition to commissioning complete turnkey plants which utilize the proprietary recovery process. More information about Result Technology AG and the applications of its newest recovery process can be found on its website at result-technology.com. Result Technology AG, based in Mammern, Switzerland, is represented in North America by Brian Brady & Associates, Inc. in Ontario, Canada. Contact: Brian Brady of Brian Brady & Associates Tel: (416) 231-5495 brianb@the-wire.com This release was issued through eReleases.com - Your Source for Affordable PR. For more information, visit ereleases.com. SOURCE: Result Technology AG biz.yahoo.com