Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Claude Cormier who wrote (19115)	8/25/2006 11:36:09 AM
From: Postman	Read Replies (1) \| Respond to of 78410

This is not really much of bubble from what I can see- Most companies seem to be trading around breakup value with not much on top for growth prospects- A $500 million market cap for a few webpages and an idea, now that was a bubble!------------- Anyways- Coronation Minerals (CMV.V) is well along in drilling on their Wellgreen property in the Yukon- Wellgreen is about 350 kms north of Whitehorse- Wellgreen was mined in the 1970's and the foundation for the mill is still there- (concentrate was sold to Mitsubishi apparently) I have heard estimates of between $3-$7 Billion worth of ore in-situ on Wellgreen- CMV reminds me of LAM, another junior with a big asset that took a while to get recognized- I am long-

To: Claude Cormier who wrote (19115)	8/25/2006 12:33:51 PM
From: kacy_in_LA	Read Replies (1) \| Respond to of 78410

So what you are saying is that there is an opportunity to make several fortunes over the next decade or so? :)

To: Claude Cormier who wrote (19115)	8/25/2006 12:54:35 PM
From: TrueScouse	Read Replies (2) \| Respond to of 78410

CC: Good discussion on the China situation, possible impact of a turndown in the US economy, etc. My own position is that the Chinese economy will maintain its present growth for the next two years -- at least until the Olympics are over in summer 2008. I think the leadership of the communist party will really want to use this as a showcase to the world -- added to which there's a huge amount of construction going on just to get ready for the Games. When you add in the massive domestic consumption of a growing Chinese middle class, I don't see things slowing down much. It's true that a recession in the US will soften prices, but the real engines of the world economy now are the BRIC countries -- especially at the margin of supply/demand. e.g., China has gone from being an exporter of zinc to a massive importer in only the last 2 years. And Coxe used to quote a figure which I always found amazing -- that you have to triple China's annual GDP growth rate to estimate the increase in base metals consumption. So, if the world's biggest copper consumer grows by 10%, copper consumption grows by 30%! In one year. Where's this going to come from, irrespective of what happens in the US? Even if Chinese growth slows to 5%, copper consumption will rise by 15%. So, I'm firmly in the "it's different this time" camp -- although I know that the risks are very high. Best regards, Howy