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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (17495)	8/20/2005 12:25:52 PM
From: loantech	Read Replies (1) \| Respond to of 18308

I do not know I was just clarifying all the grades and meters etc. You were correct on the .03 Ounce per ton over 325 feet.

To: Rocket Red who wrote (17495)	8/21/2005 1:18:05 PM
From: E. Charters	Respond to of 18308

Lack of vision. (Why Newmont dropped it) You gotta have a ready comeback when majors drop the option, past or present. I like this: "There was nowhere to build the manager's lodge, it was just after SARs hit Toronto, and no one knew if gold was going to get past 250. There was budgetary cutbacks when the nearby Glazinufa deposit had 30% of its mixer high grade parked by the government. Then the chief geologist who was the ramrod of this project died, and they dropped the laptop with the scoping study in the Canyon. At the time legal troubles with the SIG's threatened to stop mining in BC, so they shelved it in favour of investing in Antamina, which was sucking up all their cash. We have offers from ten majors on the table now. (You wave your arm over papers scattered on desk as savvy investors nod in sage agreement at the new found opportunity. Your shill wipes the froth from the corner of his lips, nods even more excitedly and says sotto voce to the 'vestor at his side, "I can't wait to get into this one!" ) The other good old reliable. Is to pause and ask your shill consulant #2, "say Bob, how many mines have they made out of what Noranda dropped by now? Is it 20? Who was that guy who used to do that for Hud Bay. Kauffman? It's a meat-poison thing, as Professor Reynold's of McGill's famed economic geolgogy division says, no property can demonstrate satisfactory economics unless at least 4 majors have explored it in the past with negative results. We are operating on the 5th explorer rule." EC<:-}