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


To: tyc:> who wrote (53740)12/4/2007 9:34:38 PM
From: E. Charters  Read Replies (2) | Respond to of 78421
 
Wolf Mine, Wolf Mine Wolf Mine, Wolf Miiiiiiiiiiiiiiineee....

There that should sensitize you. Now you will no longer sit bolt upright in bed and break out in a cold sweat when you hear the word mine anymore. (Unless it is mine mine or yours mine.)

This is the TSXV. Get used to it. You can believe the word "mine" when I say it. But I worked in several. There is a difference. Mines have headframes on them or vast holes in the ground outside a mill. They do not consist of a collection of drill holes in the ground of an indifferent nature, not drilled by a mining engineer. On the other hand, the last time a mining engineer drilled another hole 25 feet away from the last interesting hole I shot him.

We develop mines. Most TSXV companies tell you they have a mine when there is a single hole in the ground. They are (usually) 400 holes and ten million dollars short of a feasibility. A feasibility is what a company needs when they are on the stock exchange and nobody on the board of directors has ever worked in a mine doing anything at all. On the other hand, sometimes it is sort of necessary.

There are time when a few holes is very hopeful. For instance Kodiak's stuff recently. The difference between their few holes and Lakeshores not a few holes is hard to explain. You have to have surveyed a lot of property for a long time from the back of a mule (of the sort that used to haul Galina Kadertjavtzeva from the Mississippi Mines) to know the difference. I am not saying there is not a mine in Lakeshore's stuff somewhere. I would like to think someone in the company knows. God knows Szethu spent long enough underground at the Renabie to recognize the symptoms. But there also has to bea reason they are telling the story for as long as they have been without so much of a smidgen of the usual "mine" interest in an explorer. Maybe it is the price of gold. It is still rather anemic.

I am not saying Kodiak's ground is a mine either. I wish it were mine, but I also have mine so I don't care.

Can a geologist find a mine? Perhaps. Some can. They may not however know it for a while. Have them call me.

EC<:-}