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

To: onepath who wrote (36253)	3/18/2007 8:42:17 PM
From: E. Charters	Read Replies (2) \| Respond to of 78416

Tailings! ha ha ha ha!! If you think investors are easy to get, then you are in charge of that. Go for it. Ten per cent on all warm bodies. Company stuff is "easy". But hard too. You need a minimum number of investors. Like a whole lot. And for that you need to go thru a broker or buy a shell. And that ain't easy. No broker will talk to you unless you have about 300K to start in seed money. And then they won't talk either. You "have" to do it public as everybody needs an exit strategy. What if the property makes no money or there is some hangup? Force Majeure? And if you go public youhave to raise 400K just to get the admin done and get the necessary 150 to 300 shareholders. 150 on the CNQ, 200 for a CPC and 300 for a full IPO. And no broker will touch tailings. They say it trades a discount to market. Yeah, I guess it does. You could do it privately on a loan basis. This gives people a tax loss if it goes bust. It has to be done on a best efforts basis as there can be no guarantee even with a feasibility. If that pond does not work out, I have about 8 other ponds and placer opportunities worked up. You could lose money in them all, not just one. Has to sell shares after while. Look at Kinross. Get bigger and the share price gets bigger as long as metals rise. We could be the junior public company that is King of money losing tailings operations. :) What you would probably find out that as you pour money in an get ever more creative eventually you wll turn a profit. KGI and kinross made a killing in tails operations in Kirkland Lake. Like about 50 million each. And I tried to raise money on a KL tailings pond and I think I raised maybe 50 cents. It depends on who you is, not what you knows. The other part that has to be researched in tungsten is what exactly do you get from whom, You have to research buyers, and do you need ammonium paratungstate to get max price and what does that cost, plant wise? It is not that prohibitive with these kind of base resources, but it is not that easy either. I think you only get 5.50 a lb for tungsten in concentrate. It is the paratungstate that gets the top dollar. APT is $250 a ton unit today, or $11.34 a lb. Current trends that have important implications for tungsten prices include China's recent growth rate. China is now the largest consumer of tungsten in the world. Also, subsidies for state owned tungsten mines in China have been reduced and a number of these mines have closed. Ore reserves of operating mines are being depleted. Current world mine supply of tungsten is believed to be less than usage, with the difference coming from stockpiles. The formerly large Russian stockpile is now depleted or close to depletion. In addition, global demand for tungsten has recently increased with continuing growth of the principal economies. EC<:-}