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

To: stan_hughes who wrote (45420)	7/23/2007 12:18:01 PM
From: E. Charters	Respond to of 78417

The mine that started Agnico Eagle was a salting scam. They salted it, whoever they was, to 0.250 OPT to 0.500 OPT. This was a rational salting job. The stock fell to the pennies when this horror was discovered and Penna picked up every share he could. With control and a 0.25 OPT gold mine, the company was revved up by a very professional culturally leveraged sales job to newly true believers in the resurrection. It ain't new, scandal in the stock market. Not new, no. Teapot Dome, Billy Sol Estes. Even Dutch Tulips. Overvaluation has many faces. It all boils down to too much irrational exuberance. Throwing caution to the four winds. Believing the ink. I even volunteer to take people onto the property and let them take their own samples. The properties I promote all have a history of previous accredited exploration, often by majors. The most frequent question I get, albeit usually from the exploration naive, is, "why did they drop it, if it were that all fired good". The reason I give is they dropped Hemlo too. Some things bear a second look in the changing times. But it is clear that more than just old properties bear a second look. A lot of new ones could use a chain of custody consultancy. "The Ink" is merely a dark precipitating substance on the highly reflective paper you hold. What is needed to know is what other substances are precipitating into the core in Holocene times, that reflects in the ink, but perhaps not in any independent mining operation. How are we going to get that answer? By, as shareholders demanding third party confirmation, where there is any question at all as to credibility. And it appears there is plenty of opportunity to ask that question. EC<:-}

To: stan_hughes who wrote (45420)	7/23/2007 12:52:57 PM
From: E. Charters	Respond to of 78417

FYI, the Holocene is the latter geological period where there was a great dryas, and during that evaporative period, lake bottoms revealed vast salt beds which found their way windborne into the proximal markets. This sort of evaporite deposition is very common in the hinterland where it is harder to check. A side effect of the climate in these regions is that it is hard to stay seated in a helicopter when it is moving.