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

To: IngotWeTrust who wrote (90099)	9/27/2002 2:52:24 PM
From: E. Charters	Read Replies (1) \| Respond to of 116836

You cannot buy lots of gold scrap off people for 20 cents on the dollar. They are not that stupid. There are plenty of people in the business and have been for a long while. Noranda and Falconbridge have been in the business for a long while and recently expanded. They use expensive equipment to crunch and gas boards in order to get rid of fibre components. They also us a polymetallic approach to get the precious metals as a byproduct. They have buying power and can outbid you on all scrap. You get the drippings. If you are talking ma and pa scrounge, and beat people for their gold jewelry, well ok, maybe you can get a few bucks. But If were to propose an investment of one million to gather all scrap and cons from people, in order to make medium scale money, the cash flows would not be there. Pt recycling is also a drug, as the people who get those are in line way before ma and pa. And they can handle the expensive flow sheets. I am not saying hobby mining or low end biz is a no no. But I would not encourage people to think they can make a decent living at it. I can get a steady flow of gold scrap, and set up for 5K with a plant with no concentration problem. I won't do it, as the ounces are not there. Placer has a few ounces at 10 dollar ground. The a river suckie dredge can make a dollar and pay weekend gas. Lots of fun. Without 200 to 1000 yard permit you had better forget making an investment pitch. And that is basically ma and pa. And you will not get that in Oregon, California, or Washington. Even with Dubya as prez. You know very well what IT is in the Yukon. A reported 200,000 ounces per year. And that is ma and pa, 300K to 2 meg invest. Profit levels are roughly 30 to 60% Average flow is 2000 ounces. That pays the help. IMHO. AYBA BIAFG. EC<:-}

To: IngotWeTrust who wrote (90099)	9/27/2002 4:27:55 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 116836

you NEED too much congratulations for a healthy person /jw

To: IngotWeTrust who wrote (90099)	10/1/2002 5:02:23 AM
From: TheBusDriver	Respond to of 116836

Just catching up on some reading after the weekend..... <<vis a vis two unique sources that are available only to me>> <<Again, you distort>> <<I don't "need" anyone's congrats, and THAT bugs the hell outta you.>> <<Hell, you wouldn't know a needle if a haystack sat next to you on a city bus.>> <<gold....I'm just getting warmed up....tutor >> Couple this along with your three stock picks only you know about and will tell the rest of the world about some day and I see a pattern shaping up here. Boy, do you have the inside track or what? It must be your pleasent personality..... Wayne