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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (3693)	2/19/2003 9:24:34 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 4051

Your proferred URLs do not change the political risk, almost non-existant availability of "disease free personnel pool", the 20% cut off the top of all mining companies required by the Malian govt., and the currently onerous burden of building schools and hospitals, etc., that MUST be borne by any outfit who mines there. It was only 8 years ago that Mali even was able to electrify for the very first time ANY portion of their capital city by installing some street lights...their first efforts. That feat was due to the 20% cut from the then gold mining operations, which were darn few in number...one could count them on one hand and have 3 fingers left over. Sadiola Hill is one of the 2 main hardrock geosystems in Mali that has proven mineable by traditional underground techniques. I formerly had a fat Newspaper clipping file from just Sadiola Hill geosystem in prior heydays of production thanks to the IMF and Orly dela Questa, then CEO of a Mali E&D outfit. Certainly nothing wrong with $74 cost per oz for production for Morila. Good for them. I have a treasured piece of Mali raw gold in my private collection from 8 years ago. My specimen is very high grade, and is most typical of the high karatage gold mined there, nationwide, from the 2 primary stockworks' systems in Mali. Such high karatage to start with certainly contributes positively to the low-cost per oz production results such as you shared. Good URL references you proferred. Certainly was no "Yahoo" back then to make international investor access to such archane information as Mali, nor Ghana, nor Ivory Coite gold production available at the fingertips. FWIW...this is another area where the "IMF World Bank" has played a large role in assisting the D&E community exploit that terribly poor country's vast gold AND DIAMONDS resources. The Diamonds found in Mali have been huge 200+ carats in some instances---have sold in open street markets for several generations. It is quite a juxtaposition of poverty vs commercial resource development area of the world. FWIW, The old & REPUTABLE Viceroy Resources which has since been absorbed by another company, did a GREAT DEAL of E&D work in Mali. I have one of their geologist maps showing astounding 3rd party verifiable assay results on all kinds of drilling and tests of Naioleni gold district, and have personally handled their final report containing almost 3 dozen of these types of analytical maps and accompanying assay designations. Perhaps you recall Peter Grandich--who is now totally immersed in social and religious good works so I'm given to understand after his child was miraculously healed of Spina Bifida complications... Peter is very conversant w/Mali's Upper NW gold zone. Too bad he's forsaken gold chatrooms. His files formerly bulged with Mali "gold trivia..." He was one of the major Mali (Craig) promoters back in the "early days..." and So, while I enjoyed your post, I stand by my post. If I recall correctly, you were one of the stalwarts who RESISTED Mink's exploration efforts and facts about 8-9 years ago when I was playing in Mali E&D as a speculator. If memory serves, you resisted any attempt to even discuss Mali, let alone play MKM.V from the long side during its run from C$0.25 to C$5.82 What changed and when did Mali hit your radar screen in a serious "look"? Anglo @ Morila? What has turned you around to embracing Mal

To: goldsheet who wrote (3693)	2/19/2003 11:57:34 AM
From: IngotWeTrust	Respond to of 4051

More Black Africa Mine ownership "political" consideration comments overheard elsewhere this morn, are offered to buttress and supplement my previuos point/counterpoint in our Mali's geo political costs associated with/translated into production costs of gold mining there mini discussion underway: Background News The South African Department of Mineral Resources has released details of the "scorecard" system under which black empowerment will be progressed in the mining industry. The purpose is to facilitate the implementation of the Charter that was drawn up under last year's Mineral and Petroleum Resources Development Act, converting "old order" rights into "new order" rights, aiming to achieve a minimum of 26% black ownership in the industry within a 10-year period. The scorecard concentrates on human resource development, employment, migrant labour (discrimination), mine community and rural development, housing and living conditions, procurement, ownership and joint ventures, beneficiation and annual reporting on progress. ******** Commentary: While the above comments are framed within the context of "So. Africa" political goals and aspirations, Anglo will be VERY hard pressed to "treat So. African's better than West African's when push comes to shove and the So. African mining model moves "North by Northwest..." I doubt seriously the 26% goal espoused in So. Africa--if moved to/thru the West Africa Mali, (Ghana, Ivory Coite region) will be satisfied by the 20% Mali govt owned mandate already on the books, which is basically a TAX regardless of "who owns/operates" these mines, which is the goal as I read the "26% blacks" movement afoot. The question is not "if" but "when" as I look at West Africa gold development, Bob. And the ancillary Q is how soon will West Africa share prices be discounting this "reality on- the-come/" decreased margins results?" gold & platinum_tutor