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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (3255)	5/25/1998 10:33:00 AM
From: Logistics	Respond to of 34075

MUST READ POST ABOUT BUYING GOLD STOCKS. Makes me even more confident in my investment in MINE. Thanks Sandie: From: Sandie McGuinness Monday, May 25 1998 10:23AM E Those of you long time investers have more than likely heard of Doug Casey. He's the man that declared in l982 the DOW would climb from 780 to 3000 by the end of the decade, just one of many uncanny of his forecasts over the last 30 years that astounded his peers. He forsees stocks so despised by Wall Street that many aren't even listed. This weekend has given me the opportunity to read up on a recent report on mining and investment. I found it most interesting when they discussed how a "find" comes about. How much less time it takes to explore and how they just pick up a phone and buy equipment from NASA. They take pictures from space from satellites. It costs them about $5.00 a square mile. Then the next step is to digitize the NASA photos - feed them into a computer for analysis. Not very expensive either. However it does require VERY expensive software and, to be sure, people that are technically advanced to handle the projects. The technician creates a simulated 12-square mile grid and presto, he said the earth yields all it's secrets. You can identify collapsed calderas - ancient volcanoes etc, etc, etc. You can identify vast un-promising areas... places where 50 years ago might have wasted peoples time and money. The entire process can take as little as one day. Hundred of man years are saved. Only when the high-tech explorers are certain that they are onto something do they travel to the actual site. When they arrive, they use another cost saving device. The geologist flies over the area, areas, in a fixed-wing aircraft...dragging a magnetic instrument. The instrument measures conductivity, resistivity and magnetism of the ground. This information helps the explorers target mineral deposits with even greater precision. The new magnetic data is then overlayed over the existing satellite data. With this data in hand, the exploration firm has a good idea of where the "hot" places might be in every square mile of the area they have chosen. Only then does the exploration firm need to decide to invest in on-the ground sampling. Called "geological MRI". Speed, Accuracy and Savings, things that everyone who wants to profit from this new mineral rush needs to understand. Understand none of this has to do with IF IT'S A LEGITIMENT COMPANY TO BEGIN WITH. Just some interesting data on how the process works. Other interesting data. Central Banks Strapped for Cash are Selling off their Gold Reserves. And at fire sale prices. Soon he say's they won't have enough to keep selling. He said history shows that whenever banks have sole gold ahead of a supply-crunch- as in l973,74, and in l980 - they have only made the eventual price explosion more severe. His accessment of the business was the new extraction technologies. The old barriers to production are falling fast and the breakthroughs flow directly to the benefit of the small "junior" mining companies. Small exploration companies can now finance their own mining operations, if they want to. There are many more targets to explore, and the odds of a target turning out to be profitable are greatly increased. Mr. Casey said he see all signs pointing to a booming gold market for at least a decade to come. He also states there is a FINE ART of Picking a Mining Stock. I don't know enough about the current focus "MINE" to have an opinion one way or another. I'm just beginning to learn what it's all about. Anyone interested in Casey's report may contact International Speculator P.O. Box 17465 Baltimore, MD 21298-9026 Doug Casey is the Editor of this publication, and Bill Bonner Publisher. Agora Financial Publishing. There is much more in this published news report of interest to those thinking about putting money into Gold. He also has 16 companies listed that you can receive in a publication if you are interested. All information is from the above publication and in no way reflects opinions or views one way or another of the writer. S \| Previous \| ------ \| Respond \| View SubjectMarksBookmark this Subject Discussion \| People \| MetaCrawler