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 : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Chad Barrett who wrote (666)	1/20/1999 11:33:00 AM
From: the Chief	Read Replies (1) \| Respond to of 1996

Do you think that the announcement of a settlement or arbitration is going to be "soon"? I know nothing is written in stone, but I'm curious how long you think we might have to wait. ... of course nobody should hold you to that guess as you are just an individual investor like the rest of us.... My impression is that something positive from the BC Gov has to be soon!! Todays paper has an article indicating alot ofthe BC mines are shutting down. In the same article a woman is quoted as saying, there are no more mines comming on stream to replace the "depleted or uneconomical" mines because of the governments inactivity and policies concerning park land. She has also stated that mining exploration in BC has ground to a complete halt. Couple all this with the fact that the Vancouver exchange has 90% of the exploratory companies in Canada, and you will have a very volatile "BC Mining Show" if something isn't done quickly. Now in saying that, the government has already passed the "way ahead" paper, which also deals with compensation. My bet is that if the Miners of the world see "less than fair" compensation given to existing claims...they will walk "en masse" out of BC with no reason to return! So, to be seen to "cheat" the existing claimants will likely have a backlash the government can't afford. My "bet" is we will get what we are asking, just for that reason!! Disclaimer I have been wrong before, and in all likelihood, may be wrong again...although I doubt it!!!<ggg> the Chief