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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: VisionsOfSugarplums who wrote (14616)	8/27/2010 12:23:00 PM
From: VisionsOfSugarplums	Respond to of 23093

Related to TRX.WT, see my bold - Canada province, aboriginals in mine revenue deal news.yahoo.com VANCOUVER (Reuters) – British Columbia signed an agreement on Tuesday that will see Canada's westernmost province share tax revenue from the mining industry with aboriginal groups, the first such deal in the mineral-rich region. The agreement between the Canadian province and the Stk'emlupsemc of the Secwepemc Nation was welcomed by the industry, which hopes the deal will improve relations between miners and First Nations people, and make native Indian groups more receptive to mining activities on or near their lands. "It is the right thing to do. It is also good for business," said Pierre Gratton, President and Chief Executive of the Mining Association of British Columbia. These agreements will help "to show First Nations right at the outset that there is something for them from our activities," Gratton told Reuters. Native groups were not immediately available for comment. Tuesday's agreement is expected to be the first of many in the province's mining sector, said Randy Hawes, British Columbia's minister of state for mining. The province's large forestry sector has been sharing revenues with First Nations since 2003. The deal inked on Tuesday will see mineral tax revenue generated by New Gold Inc's New Afton project shared with the Tk'emlups and Skeetchestn First Nations. Over the life of the mine, which is currently under construction just outside the town of Kamloops, some C$30 million ($28 million) is expected to flow to the two native bands, Hawes told Reuters. Each agreement will be structured differently, he said. The government is signing its second agreement on Wednesday with the McLeod Lake Indian band on the Mount Milligan gold-copper project owned by Terrane Metals. Hawes said that even though the province had a lot of large mineral deposits, they were often not that rich, making mining companies leery of potentially drawn-out and expensive battles with native groups. "I do believe we have made B.C. a much, much more attractive place to invest," Hawes said. In addition, the revenue should improve the social and economic conditions on native Indian reserves, he said. "For me the bottom line is that there are so many kids on First Nations territories... The future must look bleak to some of those kids," Hawes said.

To: VisionsOfSugarplums who wrote (14616)	8/27/2010 6:56:35 PM
From: koan	Read Replies (1) \| Respond to of 23093

Preface, you have the best quote of anyone. I use it all the time, but forgot who had it. Sun Tzu I am talking about. Metals ended strong again today. My hunch is that the world is worried about its dollar investments and want hedges or to supplant the dollar with something else. Plus I think silver is undervalued using any quantification one wants to e.g. 70 years ago there was about 10 billion oz of silver above ground (accumulated over thousands of years. I think the US had about 4 billion of it. Most of it has been used up, so the historical 16 to 1 ratio should be less. The earth's ratio is 17 to 1. I just googled silver in 1940 above ground and got the following-good read: news.silverseek.com For nearly 5,000 years, the price ratio between gold and silver has averaged approximately 15:1. This number is very close to the 17:1 ratio which represents the natural occurrence of the two elements in the Earth's crust. It is interesting to note, however, that through most of history the price ratio has favored silver. In the last century, that ratio has rapidly, if unevenly risen. As of this moment, the gold:silver price ratio is once again nearing 70:1. Given the historical data, the natural assumption to make is that the world must be practically overflowing with silver for the price ratio to have gotten this skewed. In fact, this couldn't be further from the truth. In the modern era of silver production, annual mine production now amounts to more than 600 million ounces per year. However, while industrial and investment demand for silver are soaring, production is leveling off. Annual production in 2008 only increased by roughly 2%, despite the price of silver reaching its highest level in nearly thirty years. resourceinvestor.com