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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (7652)	8/10/1998 1:48:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 26850

Well, counterproductive to the prospector and counterproductive to the explorer is biting the hand that feeds the government. Whose idea is it that non-development it is better use of the land? The government said in BC that the Geddes Webster property was variously uneconomic, polluting and despoiling of vacation values of the land and also "preferably administered" by a special interest group (Indians) as far as resource companies would see. The expropriation after 5 years of exploration was inadequate for the expected economic return on even the sale of the property. People should not be have to expect that going into business in this country will result in arbitrary and unforeseeable closure of their enterprise with nothing but their expenses recovered and no return on investment. These shifting sands of government capriciousness seemed aimed at making the economic base of the country less certain in the resource sector. It would seem that gov'ts are purposely obfuscating the mining industry, and rhetoric to the contrary, are making it as difficult as possible for them to do business. This is because of the perception that resources may be a sunset industry and not a major primary tax base for the politicians to use for transfer of funds to their friends. The best use of land would seem to be the one with the most economic value to the greatest number of people. I defy you to tell me that turning the richest resource into a the highest value product that is proven to sustain the quality of life we have come to enjoy and has attendant all possible protection from degradation of the surrounding environment, is not a least a very good use of the land. The usage the politician would have us enjoy in the face of dire poverty? No matter what you think about pristine wilderness we or anyone else did not come here to just look at the country side. We do not live here to paint park benches and run rickshaws for rich Japanese tourists who make motorcars we no longer can afford. In 1972 the Dodge car made in Windsor, Ontario was made with steel mined at the Caland Ore deposit in Ontario.. its white metal and zinc parts and copper wiring were mined at the Horne mine and Texas Gulf mine in Ontario and Quebec, its tires and plastic were made from oil that was pumped in Alberta, its glass was mined and made by Pilkington in southern Ontario. Its raw material 100% came from Canada right down to the silicon in the transistors. Today that car's materials come from all over the world. 80% of its parts are made from materials mined in other countries and the parts are made overseas too. When, according to free trade, they pull the last GM, Ford and Chrysler plants out of Canada we will ALL be out of work. Toronto, Ontario was and is the biggest mining town in the world. 80% of the capital for world mining is raised in Toronto. We produce 80% of the world's underground miners. We mine for foreign companies in foreign countries. Every underground miner I know has been overseas at least once in his career. The TSE 300 is the largest richest collection of mining and resource companies on any stock exchange in the world. We have a vested interest in keeping these companies alive. We had better look to it. EC<:-} echarter@vianet.on.ca The Canadian Mining Newsletter