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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (4373)	3/27/2003 2:02:28 PM
From: E. Charters	Read Replies (1) \| Respond to of 8273

I would say Moydow who received a 2 million payment and promise of more of the total pay as well as a 2% on gold mined, did OK, considering it was a bought done deal from the get go. But it is not like they could max on it themselves as miners. So they are not trading at a discount but trading somewhat above earnings low-average but below Barrick levels of P/E. I am not being a Moy basher, but just realistic about the market value in terms of other P/E guys. Back to the promo they-might-find-it guys, Barker has attracted others who believe as I do that mines lurk were gold springeth mightily in Billy Barker's territory. I see where Strathcona thinks that Besshi massive sulphide is the target in the terrane. Others think that large scale gold may be the stuff as well. I looked at a rock they had uncovered at the PDA. Strathcona was in a huddle with Doyle so I could not get to talk to him. The rock was a carbonated sericitized recrystallized metavolcanic with seondary chalco in blebs throughout it. It reminded me somewhat of Hemlo. It may have low gold and be a part of a disseminated zone of a more massive deposit. I asked a PhD geo who had worked with Cominco for many years what he thought. He said it was a waxy exhalative zone, but was kind of sniffing at it without too much interest. Well exhalative is the source of mineral we seek. It was not a black smoker, or a stringer zone per se, but chalco and carbonate is what you want to see. They have to seek signs. They need a mighty structural geologist. I should work for them. I have feeling I could find their sources. I did do that for a living at one time. They need to concentrate on finding volcanics with conductors and/or MMI zones that reside at contacts of mafic/felsic/iron formations on mag highs that are sodium depleted or enriched (albitized or bleached potassics). They need to have a real pro seek out their grain trails. I am not saying they are making mistakes but they are thrashing a bit. I have seen heart stopping stuff in other juniors and may be getting into a phase where I promote their chances mightily. There are some things to lurk on mightily. I am now in my next-big-thing mode. I see Archer Cathro is on the prowl in the Yukon. Hmmmmmmm EC<:-}