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 : A STOCK TO WATCH THIS WEEK -- Ignore unavailable to you. Want to Upgrade?

To: Karl Zetmeir who wrote (595)	2/14/1999 10:57:00 PM
From: Victorio	Respond to of 602

Karl Some references: MG Natural Resources (MGAU—BB) mg-resources.com mg-resources.com Message From The President February 08, 1999 “Greater than the tread of mighty armies is an idea whose time has come" --- Victor Hugo 1852 A quotation hanging on the wall in Dr. Al Johnson's Library caught my rapt attention. Although the idea for precious metals assay and extraction from refractory ore has been around for a long time, it now appears as though the time for fulfillment has truly come. In our opinion Dr. Johnson of Johnson & Lett is truly the front runner in the race for economic mining technology of non-conventional ore. Over the past five centuries the gold mining industry has had very few advancements in technology. In the mid-sixteenth century Agricola described man's early methods for recovery of gold as hand sorting, hammering, firing, stamping and milling. Amalgamation developed by the Spaniards was first used in Mexico and Peru. No other techniques were available for the California gold rush of 1849. Mining companies in Africa, during 1892, New Zealand during 1897 and South Dakota during 1899 milled gold ores in cyanide solution. Harquahala, Arizona and Getchell, Nevada were the first mining projects to utilize activated charcoal in collecting from the cyanide leaching process in the 1940s. In August of 1945, H. L. Hazen stated that "The most significant advancement in mining was that you could now win a profit from $2.10 gold ore". It is evident that we are still in the same frame of mind with a major mining company's latest efforts in Indonesia. An expenditure of 1.9 billion dollars to mine $9.92 gold and copper ore is not co-efficient with inflation. They will process 120,000 tons of ore per day to break even at today's deflated precious metals prices. More on website........