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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (26408)	1/6/2004 12:25:32 AM
From: Rocket Red	Read Replies (1) \| Respond to of 39344

Focus your eyeballs on these grades Tarale No. 7 vein (now renamed the Amy vein) originally returned 148.3 grams per tonne gold over 0.65 metre at the surface or tunnel entrance, but only five metres into the fresher rock the gold grades increased dramatically as indicated by two bulk samples weighing approximately 1,000 kilograms and 675 kilograms respectively taken about one metre apart, which returned 781.5 grams per tonne and 473 grams per tonne gold respectively. The combined weight of 1,675 kilograms assayed 656 grams per tonne gold. Random samples were taken from each of the 67/40-kilogram bags containing the mineralized material and prepared according to accepted industry standards. Based on previous assaying undertaken by IPL and JBMM the gold particles appear to be extremely small and in fact no significant "nugget" factor has ever been detected from any sample at the Comval project to date. This fact significantly increases the confidence of the sample preparation techniques and the analytical methods used and the results obtained from both laboratories

To: jrhana who wrote (26408)	1/6/2004 12:41:55 AM
From: hank2010	Respond to of 39344

Yes and No! I appreciate where you are coming from when the board sinks into politics, but...As the environmental movement shuts down the most efficient and environmentally friendly mining operations in the world (Canada and the US and I will leave out Australia)the industry is moving to the third world. Africa is IMO the most significant continent in terms of mineral potential. Off-setting this is the political situation. Consider the copper/cobalt/gold/tantalum/and diamonds etc. of the DR Congo that have been just sitting for these past years while the wars waged. Things look a whole lot better now. A company such as Banro has millions of ounces drilled off. It is the politics that become the main factor in a buy/sell decision now. What would happen to the prices of gold/platinum/palladium and diamonds if SA degenerated into anarchy. Or if Mugabe tried to invade, which I think is almost impossible. I am surprised when it is posted that a geo back from Senegal opines that it may be a nesting ground for Muslim extremists. I have worked in the area in Mali which is Muslim, friendly, AIDS-free and welcomes miners and mining investments, and I have made a lot of money in the past on Mali investments. I am thankful for that info, as it makes me think twice. Things could change. And I acknowledge that I do have a tendency to ramble on.

To: jrhana who wrote (26408)	1/6/2004 12:52:41 AM
From: hank2010	Respond to of 39344

And to get back onto what you consider the right track! I have stated my opinion before that I liked the possibilities for Anatolia (ANO.U). And I still like them in the long term, but selling half because I do not like the short term. IMO, the fact that RTZ bowed out of Coplar is not "good news". On the other hand, my non PM ramblings of a couple of weeks ago evoked a poster to bring Miramar MAE.TO and MNG (USA)to my attention. Their deep drilling has hit good grades across good widths. IMO you need that in the Arctic, and I got my feet wet.

To: jrhana who wrote (26408)	1/6/2004 6:23:24 AM
From: re3	Read Replies (3) \| Respond to of 39344

Some of the focus (and an increasing amount IMO) should be on the "defense", i.e. not losing (or as so many on these chat boards always say, not LOOSING -g-) I guess that is part of why the "epic" thread is gaining popularity... I sold a fair bit yesterday and will continue to do so...

To: jrhana who wrote (26408)	1/6/2004 9:51:12 AM
From: Elizabeth Andrews	Read Replies (3) \| Respond to of 39344

The political discussion about South Africa is about getting rich as that's where there's a lot of metal and more to be found. The landscape, both political, economic and mining, is in rapid change. When fundamental changes are ignored opportunities are also passed up and we shouldn't let that happen. Maybe the focus should be on what changes are coming to the SA mining scene and are they jeopardized by the political environment? Let's not ignore the area as there's huge potential, along with huge problems. The main issue in my view is that the there has to be a transition of power and wealth to the black majority. Simple enough on surface, right? This is not a new problem in Africa and it is an issue that has been bungled at some point by every other country as it moves from colonial status. By most measures in all countries the black population is worse off after “independence” as the unshackling neither caused freedom nor wealth. I believe the blacks in SA are very much aware of that issue and the majority is unlikely to support any political initiative that could reduce the country to anarchy, religious or tribal rule or impoverishment. It just may be that the black SA may be the most interested stakeholder in making the transition real and it can’t happen without the mining companies who control the fate of the GNP and the currency. I’m sure they are looking for the best way forward for them as are the mining companies. So, if there’s a political issue here that makes me money let’s focus on it. If this makes me an American capitalist, opportunist or bigot, I don’t apologize.