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

To: d:oug who wrote (91139)	11/13/2002 6:42:59 AM
From: E. Charters	Read Replies (4) \| Respond to of 116915

There are 3000 companies on the VSE. Each company has at least 4 properties. So that is 12,000 properties. There are less than 100 mines in Canada. 120 properties to each mine. So the chances are about 0.8 percent on pure dice roll. Some companies of course will have mines overseas. Some have several mines. In addition some have mined out mines and the there have been at least 2000 mines mined in Canada whereas the ratio of companies has increased only slightly in modern times. If you take ten years then, and include overseas mines of perhaps 50, and a mine life of 5 years average, the average is perhaps 300 mines found for 3000 companies. So at that it is one chance in ten to find a producer. All things being equal. Which they never are. But on a pure dice roll our chances are excellent. How do we load the dice? Start with smarter people. Got that. Start with better properties that have greater chances to make any production at all. Got that. Start with greater geological potential. Got that. Go to a politically stable country where you can start a mine in fact with low or no bribes. Got that. Go to a low capital cost, high profit situation. Got that. Where our point to make is box cars is we do not have a vehicle or money raising machine.. i.e. a listed company, AND we don't have a good market or very good gold prices. This is generally the hardest part always. Raising the money. Finding the ore is hard and you have to get smart AND lucky and spend time and money, but raising the money is just plain hard work and fraught with danger and frustration. I get all kinds of tut-tuts and atta boy and suggestions from people who have never done it, but it takes 10% just to raise the money. It is a bootstrap operation. EC<:-}

To: d:oug who wrote (91139)	11/13/2002 10:30:21 PM
From: Graystone	Read Replies (2) \| Respond to of 116915

"a GATA type situation" or "Central Banks identified by GATA as being without their gold reserves" "my mention of GATA" Your entire viewpoint seems to consist of the latest GATA rumours. I commented on the material you quoted from post 1287 on the yahoo GATA thread, I told you that the author would not provide GATA resolution by taking a trip to Asia. I commented upon your Dr. No conspiracy question as well, I said that banks would adopt wider disclosure policies in order to repress irresponsible rumours. When GATA doesn't pan out the way you think it should, you are going to be very disappointed, that is my opinion. You appear to be suggesting that $10,000/ oz. for gold is possible, you must have a lot of favourite stocks. Where has all the gold gone ? People bought it from the bank, they actually took physical delivery, then they put it in a safety deposit box....at the bank. So all the gold is really still in the bank.