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

To: croesus1111 who wrote (27032)	1/15/2004 11:18:20 AM
From: E. Charters	Read Replies (4) \| Respond to of 39344

Nah, now you go ahead and short all those stocks. You never know. Just cause they got mineral resources don't make them the next Bre-X. Bre-X as you know was all skillful promotion. As one long time mining investor told me, he made more money with bullshit than anything real. As another told GPM thread or maybe it was Echarters thread a while back, he feared honest incompetence more than he did a shyster promoter talking his money, as he had lost more with the former than the latter. Bullshit in the mining industry is run by people who know the game, who are cynical as hell on roller skates and stick to the paper support as their only issue, guaranteeing that all the buyers, the stupider the better, will be clawing at their phones driving the price as breathless no chance of a mine results pour in that they know they can generate as they are re-drilling some unknown work from the 50's or some such twaddle. Two or three of the stocks I mentioned are actually just redrilling known mineral deposits from the late 1960's just before the copper price dived and Inco got a strangelhold on nickel. As a matter of fact the whole Ungava play is just the redrilling of the first 1967 rush into the area by Falconbridge. All that stuff of CZZ was found and drilled before. Those who remember some of the 90's work will recall some companies even flaming out on some properties after 100 foot drill holes into nickel and no more holes. The ole pump and dump. One of my past piratical partners was the first person to drill into a nickel intersection in the Ungava back then for Falco. Real? New? Crooked? Honest? Big discovery? Good promotion? hard to say what you got in CDN mining promo. Be cynical if you want to retain your cash. If you want new discovey I honestly don't know where you would look. Maybe drilling some of those megatem anomalies in Timmins. I hear they are gearing up for that blowout. You never know. MUM is fairly new. But not that exciting. NTH and Wellgreen is as old as the hills. Ditto MSA, and GUY. But they do have resources. That I will warrant. EC<:-}