Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (24359)	11/4/1997 6:56:00 PM
From: BobS	Read Replies (1) \| Respond to of 35569

Merci beaucoup, Claude. For a while I've searching for standard definitions of mining terms. From your information it again seems there is no standard, industry-accepted definition for some of the terms (probable, proven, possible), nor for valuations of mines in various stages of development. Makes it hard to place value on mining companies - especially those which have not yet entered production on any of their properties. It makes investing in this sector all the more .....enjoyable.... :) bobs.

To: Claude Cormier who wrote (24359)	11/4/1997 7:30:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 35569

Geographical reserves mean the kind you can draw on map with a thick blue pencil when it's 1 to 1 million scale. You draw it through cities and towns and indian resrves and parks. It is usally reserved for land claims by homesteaders as in Oklahoma here we come. Mines tend to be more conservative but if you are dealing with gypsum beds or salt marshes or coal you can kind of get wild. In Canada there is an Iron Range that runs from Sept Isle to Ungava Bay, some 700 miles. I don't think we are short of oxide iron. In BC that scam Geddes Webster was involved in runs from the Stikine river to the St. Elias range in Alaska a distance of 350 miles with copper bodies in it all the way. NDP gave it to the Indians and made it into a park. Fundamentally unfair. But that's politics. Now, platinum counties are hard to swallow but until the investor is sadder budwieser, I think we will have to "speculate" the probabilities. echarter@vianet.on.ca