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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marci58 who wrote (6619)	2/15/2006 7:29:05 PM
From: E. Charters	Read Replies (1) \| Respond to of 78416

KGI is a miner. Latest news came into a market "correction" where many of the gold miners were dropping back. Moving up signifies their power in the market. KGI is unique today in that it is a CDN one camp, one mine gold miner. Its story is that it is not an open pit in south America or a highly leveraged buyer of gold assets a la Newmont, Wheaton River, or Dome, but a miner of traditional narrow vein high grade gold in Canada. This means that they are classically an engineering and exploration solution commmitted to development of CDN resources, which have not been mined since the 1980's. ()some since the 1950's) KGI's story to really catch hold will take a return of faith to the investor, (this investor is from a different generation and for the most part is new to the scene from the bucket shop days of the 50's 60's and 70's when CDN gold mining was on the wane due to fixed price of metal and unfixed price of labour). The investor needs an education in gold. It isn't all graphs and analysts. To see KGI you need deep knowledge of mining. You need gold mining education. The average Bay or Howe street boy just doesn't cut it. Schooling in a brokerage won't make you see the orebody a mile deep in the hyperthermal mining camps of Canada. You won't believe it's there unless you have mined a mile deep. I have. You have to know the difference. KGI knows. Believe it or not, it is companies' like Dome that lack the expertise not KGI. 20 million mineable ounces means 10 billion+ in revenue. Air Canada cannot drill that off. That is a real Bre-X and it is right there in downtown Kirkland Lake. It's always been there, for as long as I have known. I mined some of it in the seventies, and invested in it in the 60's. So did my parents. The mining people knew it wasn't going away. But the development money left. There was no more money for building Lakeshore Mines by the time 1980 had rolled around. No believers anymore. Lakeshore took 750 million to build in 1929 in today's dollars. Kerr Addison exhausted 8 companies' exploration efforts. It ain't no joke. It is the investor, the stock bidder that makes the stock. It isn't the analysts. It's up to you. If you buy the stock, it will go up. In Canada there are two things hampering this. Committed brokers who like CDN mining stocks, and US buying. If we could get access to US markets as free trade should have given us, then CDN mining stocks would be doubled in price. Certainly there is no reason to believe they have any lack of markets for their wares. Or China does not exist. But CDN's don't have the capital for their own mining industry. Or the common sense to invest in it. Otherwise they would have bought the control block of Noranda when they could have. It was only 2.5 billion. No investors came forward. No funds. Sad. EC<:-}