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 : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (7570)	9/23/1998 9:56:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 14226

Zeev, I have always assumed an agressive acid leach for the head ore and acid dissolution of the smelted product. Perhaps a "solar still" would work for the effluent if they do not like my evaporation pond. I see no need for closed loop system. They are just not that toxic in their operations. Perhaps I am a little behind the times environmentally. If you want to see real pollution, just go to your nearest junkyard. Battery acid seeping into the ground, old refrigerators leaking Freon, petroleum seeping into the groundwater, old transformers seeping PCB, burning copper wire to remove the insulation, etc. Where are the inspectors--your guess is as good as mine. As for the evaporation pond, they could let it concentrate, then suck it up before it totally dries and ship it off to a certified processor. Less labor intensive. I am an environmentally sensitive person. I do not even use pesticides in my garden. The bugs have a ball, but I get my share too, and I have no compunction about squashing the little or not so little buggers. I did a job on the tomato hornworms by handpicking them then stomping. Then the grasshoppers took over. I am working on a vacuum system to collect them and provide them to the catfish in the pond. Recycled grasshoppers. Price action today seems to me a low volume slide as we had in the past. I am not saying that we will not hit your magic $.25, but that depends on the company. How well and how quickly they resolve the present issues and how much and how quickly they can or cannot get on with production and the extend of that and the announcement of receipts (significant) will be the determining factors. I am predicting that the Greenspan announcements will come to fruition and we will have a really in the equities to the detriment of gold and gold mining for a short while. That rally will be short lived in my estimation as the reality of the global situation overtakes the markets. Earnings dissappointment will be the next news. Longer term, gold is good, but we may have to wait a while here. Dollar--certainly under pressure and perhaps under more when the Euro comes on line. The Euro is (partially gold backed). Certainly, an interest rate cut would be good here for the us and global markets, but it is a two edged sword. It could lead to troubles financing our tremendous debt. The economy in Europa is improving, at least the last time I looked (things can change quickly in this world). Given a good economy, an new gold backed currency and fiscal restraint, I think that money will flow in their direction and to our detriment. I leave it to you to determine the result of that. Greenspan his his work cut out for sure. Nottaeconomist, just "Scared, Jack"

To: Zeev Hed who wrote (7570)	9/24/1998 11:16:00 AM
From: Lee Bush	Respond to of 14226

Zeev: My understanding from the MXAM manager at the time was that the sodium silicate was coming from the feldspars. This may be an over-generalization. He stated that the dry climate did not permit natural leaching of the feldspars. Perhaps what he is saying is that normal erosion of these SIAL rock particles leaves behind a lot of free sodium silicate. They experienced this problem in their tailing pond from just the grizzly and Nelson centrifuge processing. They received special permission to dump the pond water back into their ore pit, using a dirt dam to separate the tailing water from the active mining area. As I remember at GPGI, all tailings from the initial operation goes directly into a metal holding tank, then all go to the precipitation tank. This effluent would not be as 'friendly' as the MXAM case. I suppose I am just grasping at straws here, but I would like to know whether there will be a problem with sodium silicate with a closed system. Lee