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

To: Proud Deplorable who wrote (19550)	8/31/2006 12:32:26 PM
From: jackjc	Read Replies (1) \| Respond to of 78418

RE Madison was a Russ fav and I got in about 5 yrs ago. I thought the idea was that Porgera would run out of ore in 4 yrs and would buy us to make use of the $1+B value of the infrastructure. At an AGM I asked CEO Chet about the timeline. He said 6 yrs ore left but they keep finding more, straight answer, not holding out hope for any quick help. With more experience I now realize that waiting with a good deposit next to a bigger co usually means that they can outwait you and pick it up when you go broke. So I don't play that idea any more. And PNG is not where I want to be invested. No doubt there are fine opportunities all over the world, but I now am 90% invested in the N.Amer continent. But I am very happy for the old Madison holders to finally make some money.