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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (7392)	5/2/2006 10:12:12 AM
From: IngotWeTrust	Respond to of 8010

Hi, LC. I would agree with your original attraction of TNX as a gold prospect. In my experience, they are making a rookie management's mistake--and revealing one of Sinclair's vulnerabilities besides his prior Sutton "situation"... Diamonds are dazzling. Diamond mining is not. Diamond mines are ungodly expensive to bring in--averaging about 8-10 years after discovery. Gold mining can be brought into production within 18 months at the outside and 1 billion dollars by comparison. Tanzania is littered with kimberlite..., heck all of Africa is! That fact does NOT mean they are economic diamondiferous kimber. A great deal of money has been wasted by many a small outfit geo wanting to be the next Chuck Fipke, etc., triggered by some anecdotal alluvial diamonds scrapped from a kimberlite crown by some retreating glacier, found, sold in "town" aka an open air market, yadda yadda yadda. First, Sinclair is chasing Gold. Then Sinclair is chasing nickel Then Sinclair is chasing Diamonds. Now he's chasing them all. And he has 1 RC drill, and one RAB drill and is diluting the stock uniquely, and now selling "pipe"dreams to his buddy Guild? Looks to me like the generalist A) is going to run out of money B) needs to buy at least the diamond drill he's been tantalizing his groupies with imminent purchase thereof, C) needs to focus instead of being all things to all investors. He simply can't do it all...not with the tiny team he has currently. He's wasted a lot of time and money trying to patent something...biogeochem...which has been around since the 1950s...with the stated purpose of leasing out that body of patent on the come protocol to generate funds for continued hole poking in Tanzania. What happened to that plan? And the stock is a shade under $10 bucks? WHY??????! Glad you have your costs back and have made some nice money, LC. Gotta know when to hold'em and fold'em. That's the game. G_T