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

To: Enigma who wrote (94941)	5/9/2003 12:56:27 PM
From: E. Charters	Read Replies (1) \| Respond to of 116997

When they worked out of Toronto it was Munk and Smith who put it together. Munk tried to finance it in the States (New York) but got no belief at all. Another geo I knew was after Goldstrike but he could not find the money to do it. The entry price for an old mine with few drill holes in it and a few showings on the surface was way to high for most people. Smith could see it, (the old mine had quit at 50.0 ounces to the ton in the 1850's) but they had to keep it quiet until they could get major money. This I believe they pulled out of London and Australia as the site hints. That it was in part "street" money is guessing, but it could not be too far wrong. It usually is. Broker money is not crazy about developing mines, and that kind of property acquisition money you won't scare out of a financial house in Toronto, no matter what the gold price. EC<:-}