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

To: Michael Bidder who wrote (34159)	2/3/2005 11:26:59 AM
From: E. Charters	Read Replies (1) \| Respond to of 39344

Well Mike I had invited you to even property visits if you really want to do the DD in an above handed manner, but you failed to take the bait in the past. I guess we could show you around the Mexican area of interest, but it's your dollar. (And a rather stiff CA that you have to sign in the presence of a lawyer) If you met our geo who fronts thing down there, I am sure you would be more than satisfied of his ability and integrity. He is second to none. Really. We have a lot of great properties and yes, serious investors can (and have) looked at every inch of them -- and if they feel they are qualified to judge the seriousness of the effort and the eminent value of the properties there is no limit to how much qualification we are willing to do. I hire people of serious graduate degree in geological sciences, and good experience to qualify the aspects of the property. We JV with companies with real intent to produce and a track record of exploration who are forefront in ability in JR. mining. (Deliver us from Majors, we shall not want) To be utterly frank that is not always what investors look at. Much of the time, no matter who is on board and no matter how good the properties look, they only look at market momentum. Is it part of the feeding frenzy? You cannot blame the investor. He wants to buy low and sell much much higher. You have to afford him that opportunity in the market, or else why take these palpable risks? I feel we have positioned our company to afford the investor maximum leverage, but the main risk in a jr. pre-public company is the money angle. Power to attract the necessary capital is one thing people look at. A lot of jr's look forlorn in that department, and I have to admit, that we look, well, jr. I had told a few people about a pre-public soon to IPO company from Toronto that had good properties in Tanzania a while back. Former chair of Noranda on their board. On fault strike with the Bulyanhulu, good financing people in TO behind them. Diamond potential on their ground. Good money in the bank. They wanted to sell 38 cent shares pre IPO. And they wanted to spend 2 million on drilling before going public. Former geo manager from the Bulyanhulu (Sutton-Barrick) ran their op. Potential? You could cut it with a knife by the pound. So where are they? Still in the same place I understand, still inching forward. So even with the big boys with a megabuck or two in their pocket, it is a lonely desperate game at times. On one hand too you want to tell all so people flock to your banner, but on the other hand, it is very, very dangerous. It is a highly competitive market out there for good properties. You have to walk with sword in hand. Our good friends at Shield are inches away from their IPO. We look forward to their success. I wish them well. We look forward to when we can do business with them. I think the company is in good hands and it will do well. Management is not stupid and their experience is manifest. Their target properties would stand Dome mines in good stead. As a matter of fact I would put them well ahead of Dome's other efforts in the economic category such as Dona Lake and Detour. And I know the areas well. That is no idle assessment. EC<:-}