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

To: AuBug who wrote (58438)	4/13/2008 4:42:47 PM
From: E. Charters	Read Replies (2) \| Respond to of 78424

"Does saying "Cove open pit" conjure up images of a barren spent land" ha! ha! ha! ... Of course it does. Don't be silly. Anyone knows there is NO GOLD near old open pits. They mined them all out. Them old timers knew their stuff. Why if they left the old open hole there, there had to be a reason. No, don't kid yourself, if there was any gold left worth taking, management would have put it all in their pockets, or they would still be mining it. Let me fill up your beer, sonny. There. That has a good head on it. Now drink it down and think a bit. Ain't it far more probable that the promoters are eyeing the price of gold and figgering, "well where can we get a few intersections that will make them bucket shop boys wet their pants. I got it, an old mine. Tell it's a restart. They missed the good stuff. Bang about 20 holes all on that good section just below the pit and it will look like gangbusters. We got all our stock at 2 cents. Should be able to run it up to a dollar if we hold on to it." By the time them names on gravestones in Mexico get done selling all their paper, we can drill the host rock and let it down easy. Wait for the next wave." Sadly that is how mining exploration is often engineered. By plan or accident if often happens that way. There is always gold left around old mines. Mineable gold often. But just you try a restart. I have been told by many a broker. "If it is some old mine with a few ounces in it, then I don't want to hear about it." Maybe 20 times in the past two years. Or. "160,000 ounces of 0.47 OPT is small." But it's only taken down to 300 feet. "Only 300 feet, then that is worse". Nothing down below? Yes, some drill holes at 750. "How do you know it goes down?" Because the mine next door goes to 3800 feet. etc. etc. etc.. As soon as you say old mine, they run, they don't walk to the door. They are outa here. No old mines or restarts or missed orebodies for them. Goldcorp notwithstanding. Goldcorp was the Dickenson Mine. Not that money making and grade was high sounding but they often lost money. Just drill a little deeper... and How about Golden Eagle. Golden Eagle is directly below the Madsen shaft and the direct plunge continuation of the Cochenour Willans, another (at least at 35 dollar gold) difficult mine. EC:<-}