westeffer, well with investors hurdling toward gold as our Government
prints more money, I am reminded of a story that many gold enthusiasts
may already know.
It's a story about a real life gold super hero whose deviance of
conventional wisdom turned a failing corporation into one
of the world's largest gold producers.
With gold hitting yet another all time high and the Gold Super Hero
in the past few weeks, its only fitting for us to revisit this GOLD
story one more time.
Rob McEwen wasn't a miner.
He was a young man following his father's footsteps into the business
world. Like his dad, he had a fascination for gold.
After years of growing up hearing stories around the dinner table
of miners and prospectors, he finally got his shot.
One day, he stepped into a takeover battle as a white knight and
emerged triumphantly as majority owner of a mine in Red Lake, Ontario.
Here he stood at the head of the boardroom table filled with a room
full of experienced senior geologists, all of whom doubted his ability
to lead this company. Who could blame them? He was a mutual fund
manager turned CEO of a gold corporation overnight.
This company was: Goldcorp
But it was hardly a dream come true.
The company he had taken over was plagued with negative news and on
the brink of failure.
The miners were on strike and they were overwhelmed by lingering debts.
The gold market was contracting and the mine's operating costs were
exceedingly high, forcing them to cease mining operations.
Unless they found evidence of new gold deposits, the fifty-year old
mine was about to be shut down along with the company.
Gold MineMcEwen knew that the mine had potential.
"The Red Lake gold district had 2 operating gold mines and 13 former
mines that had produced more than 18 million ounces combined," he says.
"The mine next door had produced about 10 million ounces.
Ours had produced only 3 million."
So he sent his geologists packing with $10 million dollars and a plan
to drill in the most remote and deepest parts of the mine.
A few weeks later the geologists returned. With smiles on their faces,
they broke the news to McEwen that would save Goldcorp - at least
for another few years. They had found results signalling new deposits
of gold as much as thirty times the amount they had been mining at
the company. But that wasn't enough.
The senior staff continued years of further exploration in attempts
to find a more accurate depiction of the gold's value and location.
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/project_details.php?pid=3&s=m
Despite the expertise and experience among the staff of senior
geologists, their efforts proved stagnant. It had become obvious
that something critical needed to change if they were to secure
a future for Goldcorp. They needed to act faster.
Exhausted and uncertain about Goldcorp's future, McEwen decided to take
a break for some personal development. He attended a MIT conference
in 1999, where corporate presidents from around the world had come to
learn about advances in information technology. Perched up in his
chair, he listened as the lecturer talked about how Linus Torvalds
built a masterpiece computer operating system by revealing his code
to anonymous programmers all around the world on the internet.
Without the help of thousands of anonymous participants, the Linux
system would have cost millions of dollars to produce and would
have taken years. But it didn't.
Then it hit him. If his senior geologists couldn't find the gold in
Red Lake, maybe someone else could.
McEwen wasn't a miner. He didn't think like one either. But that was his
strength. So he rushed back to his corporate head office in Toronto
to share his idea of "open sourced" mining.
McEwen wanted to take all of the data the company has spent creating
in the last fifty years and he wanted to share it openly with the world
by posting it on the internet:
"Then we'll ask the world to tell us where we're going to find
the next six million ounces of gold."
http://www.conquestresources.net/project_details.php?pid=3&s=o
At first, Goldcorp's geologists were appalled at the idea of exposing
their fifty years of secret data to the world. And they had good
reasons to be. The mining industry is an intensely guarded business
and geological data is to miners what treasure is to pirates.
Giving this sort of data away could not only subject you to takeover
risks, but can also imply that your company no longer has the ability
to move forward on its own.
Despite the inherent risks, McEwen decided to push forward and in
March 2000, he launched the "Goldcorp Challenge."
They posted every bit of information they could on their 55,000-acre
property through their website and setup a contest offering $575,000
worth of prize money to the participants that could show Goldcorp
the best methods and estimates on their property.
McEwen knew this strategy entailed big risks. But the risks of
continuing to do things the old way were even greater.
"Mining is one of humanity's oldest industrial pursuits," McEwen says.
"This is old economy. But a mineral discovery is like a technological
discovery. There's the same rapid creation of wealth as rising
expectations improve profitability. If we could find gold faster,
we could really improve the value of the company."
And improve the value they did. Within weeks, submissions from over
one thousand virtual prospectors in over fifty countries crunched
the data. But geologists weren't the only participants.
Mathematicians, graduate students, consultants, and military officers
all submitted entries.
They had, "applied math, advanced physics, intelligent systems,
computer graphics, and organic solutions to inorganic problems."
Not only had the contestants identified new targets on the Red Lake
property, they introduced Goldcorp to state-of-the-art technologies
and exploration methodologies, including new drilling techniques and
data-collection procedures, and more advance approaches to geological
modeling.
McEwen had harnessed a technological trend that most in the industry
would have shunned.
As a result, he turned his destined-for-failure $100 million company
into a company today worth over $27 billion -
even in our currently depressed market.
In Conquest Resources a neighbour Alexander property, we have a
discovery of a gold junior play:
Conquest Resources Ltd. (TSX:CQR)(USOTC:CQRLF).
If you have not already read the report, you can find it by clicking....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43916831
Alexander property which has been held in good standing since 1945
and is 100% owned by CQR since 1945
its about time more drilling
and mining of it get done
Goldcorp would love to get it for the property
is larger than Goldcorp's old Red Lake Mines property -
and in same goldbelt -
which is said to be one of the richest gold properties
in the world
Got Gold dd..listen to..
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/
btw. I would not sell CQR below many fiatz$$/sh
Gold: on the move we have been waiting for? - lol
Gold Spot (FOREX:XAUUSDO Ausome ex..
http://www.conquestresources.net/pdfs/CQR_Fact_Sheet.pdf
God Bless
Steve, well with investors hurdling toward gold as our Government
prints more money, I am reminded of a story that many gold enthusiasts
may already know.
It's a story about a real life gold super hero whose deviance of
conventional wisdom turned a failing corporation into one
of the world's largest gold producers.
With gold hitting yet another all time high and the Gold Super Hero
in the past few weeks, its only fitting for us to revisit this GOLD
story one more time.
Rob McEwen wasn't a miner.
He was a young man following his father's footsteps into the business
world. Like his dad, he had a fascination for gold.
After years of growing up hearing stories around the dinner table
of miners and prospectors, he finally got his shot.
One day, he stepped into a takeover battle as a white knight and
emerged triumphantly as majority owner of a mine in Red Lake, Ontario.
Here he stood at the head of the boardroom table filled with a room
full of experienced senior geologists, all of whom doubted his ability
to lead this company. Who could blame them? He was a mutual fund
manager turned CEO of a gold corporation overnight.
This company was: Goldcorp
But it was hardly a dream come true.
The company he had taken over was plagued with negative news and on
the brink of failure.
The miners were on strike and they were overwhelmed by lingering debts.
The gold market was contracting and the mine's operating costs were
exceedingly high, forcing them to cease mining operations.
Unless they found evidence of new gold deposits, the fifty-year old
mine was about to be shut down along with the company.
Gold MineMcEwen knew that the mine had potential.
"The Red Lake gold district had 2 operating gold mines and 13 former
mines that had produced more than 18 million ounces combined," he says.
"The mine next door had produced about 10 million ounces.
Ours had produced only 3 million."
So he sent his geologists packing with $10 million dollars and a plan
to drill in the most remote and deepest parts of the mine.
A few weeks later the geologists returned. With smiles on their faces,
they broke the news to McEwen that would save Goldcorp - at least
for another few years. They had found results signalling new deposits
of gold as much as thirty times the amount they had been mining at
the company. But that wasn't enough.
The senior staff continued years of further exploration in attempts
to find a more accurate depiction of the gold's value and location.
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/project_details.php?pid=3&s=m
Despite the expertise and experience among the staff of senior
geologists, their efforts proved stagnant. It had become obvious
that something critical needed to change if they were to secure
a future for Goldcorp. They needed to act faster.
Exhausted and uncertain about Goldcorp's future, McEwen decided to take
a break for some personal development. He attended a MIT conference
in 1999, where corporate presidents from around the world had come to
learn about advances in information technology. Perched up in his
chair, he listened as the lecturer talked about how Linus Torvalds
built a masterpiece computer operating system by revealing his code
to anonymous programmers all around the world on the internet.
Without the help of thousands of anonymous participants, the Linux
system would have cost millions of dollars to produce and would
have taken years. But it didn't.
Then it hit him. If his senior geologists couldn't find the gold in
Red Lake, maybe someone else could.
McEwen wasn't a miner. He didn't think like one either. But that was his
strength. So he rushed back to his corporate head office in Toronto
to share his idea of "open sourced" mining.
McEwen wanted to take all of the data the company has spent creating
in the last fifty years and he wanted to share it openly with the world
by posting it on the internet:
"Then we'll ask the world to tell us where we're going to find
the next six million ounces of gold."
http://www.conquestresources.net/project_details.php?pid=3&s=o
At first, Goldcorp's geologists were appalled at the idea of exposing
their fifty years of secret data to the world. And they had good
reasons to be. The mining industry is an intensely guarded business
and geological data is to miners what treasure is to pirates.
Giving this sort of data away could not only subject you to takeover
risks, but can also imply that your company no longer has the ability
to move forward on its own.
Despite the inherent risks, McEwen decided to push forward and in
March 2000, he launched the "Goldcorp Challenge."
They posted every bit of information they could on their 55,000-acre
property through their website and setup a contest offering $575,000
worth of prize money to the participants that could show Goldcorp
the best methods and estimates on their property.
McEwen knew this strategy entailed big risks. But the risks of
continuing to do things the old way were even greater.
"Mining is one of humanity's oldest industrial pursuits," McEwen says.
"This is old economy. But a mineral discovery is like a technological
discovery. There's the same rapid creation of wealth as rising
expectations improve profitability. If we could find gold faster,
we could really improve the value of the company."
And improve the value they did. Within weeks, submissions from over
one thousand virtual prospectors in over fifty countries crunched
the data. But geologists weren't the only participants.
Mathematicians, graduate students, consultants, and military officers
all submitted entries.
They had, "applied math, advanced physics, intelligent systems,
computer graphics, and organic solutions to inorganic problems."
Not only had the contestants identified new targets on the Red Lake
property, they introduced Goldcorp to state-of-the-art technologies
and exploration methodologies, including new drilling techniques and
data-collection procedures, and more advance approaches to geological
modeling.
McEwen had harnessed a technological trend that most in the industry
would have shunned.
As a result, he turned his destined-for-failure $100 million company
into a company today worth over $27 billion -
even in our currently depressed market.
In Conquest Resources a neighbour Alexander property, we have a
discovery of a gold junior play:
Conquest Resources Ltd. (TSX:CQR)(USOTC:CQRLF).
If you have not already read the report, you can find it by clicking....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43916831
Alexander property which has been held in good standing since 1945
and is 100% owned by CQR since 1945
its about time more drilling
and mining of it get done
Goldcorp would love to get it for the property
is larger than Goldcorp's old Red Lake Mines property -
and in same goldbelt -
which is said to be one of the richest gold properties
in the world
Got Gold dd..listen to..
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/
btw. I would not sell CQR below many fiatz$$/sh
and most likely I sell NO one only buying more
as I done with Goldcorp
Gold: on the move we have been waiting for? - lol
Gold Spot (FOREX:XAUUSDO Ausome ex..
http://www.conquestresources.net/pdfs/CQR_Fact_Sheet.pdf
God Bless
prints more money, I am reminded of a story that many gold enthusiasts
may already know.
It's a story about a real life gold super hero whose deviance of
conventional wisdom turned a failing corporation into one
of the world's largest gold producers.
With gold hitting yet another all time high and the Gold Super Hero
in the past few weeks, its only fitting for us to revisit this GOLD
story one more time.
Rob McEwen wasn't a miner.
He was a young man following his father's footsteps into the business
world. Like his dad, he had a fascination for gold.
After years of growing up hearing stories around the dinner table
of miners and prospectors, he finally got his shot.
One day, he stepped into a takeover battle as a white knight and
emerged triumphantly as majority owner of a mine in Red Lake, Ontario.
Here he stood at the head of the boardroom table filled with a room
full of experienced senior geologists, all of whom doubted his ability
to lead this company. Who could blame them? He was a mutual fund
manager turned CEO of a gold corporation overnight.
This company was: Goldcorp
But it was hardly a dream come true.
The company he had taken over was plagued with negative news and on
the brink of failure.
The miners were on strike and they were overwhelmed by lingering debts.
The gold market was contracting and the mine's operating costs were
exceedingly high, forcing them to cease mining operations.
Unless they found evidence of new gold deposits, the fifty-year old
mine was about to be shut down along with the company.
Gold MineMcEwen knew that the mine had potential.
"The Red Lake gold district had 2 operating gold mines and 13 former
mines that had produced more than 18 million ounces combined," he says.
"The mine next door had produced about 10 million ounces.
Ours had produced only 3 million."
So he sent his geologists packing with $10 million dollars and a plan
to drill in the most remote and deepest parts of the mine.
A few weeks later the geologists returned. With smiles on their faces,
they broke the news to McEwen that would save Goldcorp - at least
for another few years. They had found results signalling new deposits
of gold as much as thirty times the amount they had been mining at
the company. But that wasn't enough.
The senior staff continued years of further exploration in attempts
to find a more accurate depiction of the gold's value and location.
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/project_details.php?pid=3&s=m
Despite the expertise and experience among the staff of senior
geologists, their efforts proved stagnant. It had become obvious
that something critical needed to change if they were to secure
a future for Goldcorp. They needed to act faster.
Exhausted and uncertain about Goldcorp's future, McEwen decided to take
a break for some personal development. He attended a MIT conference
in 1999, where corporate presidents from around the world had come to
learn about advances in information technology. Perched up in his
chair, he listened as the lecturer talked about how Linus Torvalds
built a masterpiece computer operating system by revealing his code
to anonymous programmers all around the world on the internet.
Without the help of thousands of anonymous participants, the Linux
system would have cost millions of dollars to produce and would
have taken years. But it didn't.
Then it hit him. If his senior geologists couldn't find the gold in
Red Lake, maybe someone else could.
McEwen wasn't a miner. He didn't think like one either. But that was his
strength. So he rushed back to his corporate head office in Toronto
to share his idea of "open sourced" mining.
McEwen wanted to take all of the data the company has spent creating
in the last fifty years and he wanted to share it openly with the world
by posting it on the internet:
"Then we'll ask the world to tell us where we're going to find
the next six million ounces of gold."
http://www.conquestresources.net/project_details.php?pid=3&s=o
At first, Goldcorp's geologists were appalled at the idea of exposing
their fifty years of secret data to the world. And they had good
reasons to be. The mining industry is an intensely guarded business
and geological data is to miners what treasure is to pirates.
Giving this sort of data away could not only subject you to takeover
risks, but can also imply that your company no longer has the ability
to move forward on its own.
Despite the inherent risks, McEwen decided to push forward and in
March 2000, he launched the "Goldcorp Challenge."
They posted every bit of information they could on their 55,000-acre
property through their website and setup a contest offering $575,000
worth of prize money to the participants that could show Goldcorp
the best methods and estimates on their property.
McEwen knew this strategy entailed big risks. But the risks of
continuing to do things the old way were even greater.
"Mining is one of humanity's oldest industrial pursuits," McEwen says.
"This is old economy. But a mineral discovery is like a technological
discovery. There's the same rapid creation of wealth as rising
expectations improve profitability. If we could find gold faster,
we could really improve the value of the company."
And improve the value they did. Within weeks, submissions from over
one thousand virtual prospectors in over fifty countries crunched
the data. But geologists weren't the only participants.
Mathematicians, graduate students, consultants, and military officers
all submitted entries.
They had, "applied math, advanced physics, intelligent systems,
computer graphics, and organic solutions to inorganic problems."
Not only had the contestants identified new targets on the Red Lake
property, they introduced Goldcorp to state-of-the-art technologies
and exploration methodologies, including new drilling techniques and
data-collection procedures, and more advance approaches to geological
modeling.
McEwen had harnessed a technological trend that most in the industry
would have shunned.
As a result, he turned his destined-for-failure $100 million company
into a company today worth over $27 billion -
even in our currently depressed market.
In Conquest Resources a neighbour Alexander property, we have a
discovery of a gold junior play:
Conquest Resources Ltd. (TSX:CQR)(USOTC:CQRLF).
If you have not already read the report, you can find it by clicking....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43916831
Alexander property which has been held in good standing since 1945
and is 100% owned by CQR since 1945
its about time more drilling
and mining of it get done
Goldcorp would love to get it for the property
is larger than Goldcorp's old Red Lake Mines property -
and in same goldbelt -
which is said to be one of the richest gold properties
in the world
Got Gold dd..listen to..
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/
btw. I would not sell CQR below many fiatz$$/sh
Gold: on the move we have been waiting for? - lol
Gold Spot (FOREX:XAUUSDO Ausome ex..
http://www.conquestresources.net/pdfs/CQR_Fact_Sheet.pdf
God Bless
Steve, well with investors hurdling toward gold as our Government
prints more money, I am reminded of a story that many gold enthusiasts
may already know.
It's a story about a real life gold super hero whose deviance of
conventional wisdom turned a failing corporation into one
of the world's largest gold producers.
With gold hitting yet another all time high and the Gold Super Hero
in the past few weeks, its only fitting for us to revisit this GOLD
story one more time.
Rob McEwen wasn't a miner.
He was a young man following his father's footsteps into the business
world. Like his dad, he had a fascination for gold.
After years of growing up hearing stories around the dinner table
of miners and prospectors, he finally got his shot.
One day, he stepped into a takeover battle as a white knight and
emerged triumphantly as majority owner of a mine in Red Lake, Ontario.
Here he stood at the head of the boardroom table filled with a room
full of experienced senior geologists, all of whom doubted his ability
to lead this company. Who could blame them? He was a mutual fund
manager turned CEO of a gold corporation overnight.
This company was: Goldcorp
But it was hardly a dream come true.
The company he had taken over was plagued with negative news and on
the brink of failure.
The miners were on strike and they were overwhelmed by lingering debts.
The gold market was contracting and the mine's operating costs were
exceedingly high, forcing them to cease mining operations.
Unless they found evidence of new gold deposits, the fifty-year old
mine was about to be shut down along with the company.
Gold MineMcEwen knew that the mine had potential.
"The Red Lake gold district had 2 operating gold mines and 13 former
mines that had produced more than 18 million ounces combined," he says.
"The mine next door had produced about 10 million ounces.
Ours had produced only 3 million."
So he sent his geologists packing with $10 million dollars and a plan
to drill in the most remote and deepest parts of the mine.
A few weeks later the geologists returned. With smiles on their faces,
they broke the news to McEwen that would save Goldcorp - at least
for another few years. They had found results signalling new deposits
of gold as much as thirty times the amount they had been mining at
the company. But that wasn't enough.
The senior staff continued years of further exploration in attempts
to find a more accurate depiction of the gold's value and location.
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/images/30.jpg
http://www.conquestresources.net/project_details.php?pid=3&s=m
Despite the expertise and experience among the staff of senior
geologists, their efforts proved stagnant. It had become obvious
that something critical needed to change if they were to secure
a future for Goldcorp. They needed to act faster.
Exhausted and uncertain about Goldcorp's future, McEwen decided to take
a break for some personal development. He attended a MIT conference
in 1999, where corporate presidents from around the world had come to
learn about advances in information technology. Perched up in his
chair, he listened as the lecturer talked about how Linus Torvalds
built a masterpiece computer operating system by revealing his code
to anonymous programmers all around the world on the internet.
Without the help of thousands of anonymous participants, the Linux
system would have cost millions of dollars to produce and would
have taken years. But it didn't.
Then it hit him. If his senior geologists couldn't find the gold in
Red Lake, maybe someone else could.
McEwen wasn't a miner. He didn't think like one either. But that was his
strength. So he rushed back to his corporate head office in Toronto
to share his idea of "open sourced" mining.
McEwen wanted to take all of the data the company has spent creating
in the last fifty years and he wanted to share it openly with the world
by posting it on the internet:
"Then we'll ask the world to tell us where we're going to find
the next six million ounces of gold."
http://www.conquestresources.net/project_details.php?pid=3&s=o
At first, Goldcorp's geologists were appalled at the idea of exposing
their fifty years of secret data to the world. And they had good
reasons to be. The mining industry is an intensely guarded business
and geological data is to miners what treasure is to pirates.
Giving this sort of data away could not only subject you to takeover
risks, but can also imply that your company no longer has the ability
to move forward on its own.
Despite the inherent risks, McEwen decided to push forward and in
March 2000, he launched the "Goldcorp Challenge."
They posted every bit of information they could on their 55,000-acre
property through their website and setup a contest offering $575,000
worth of prize money to the participants that could show Goldcorp
the best methods and estimates on their property.
McEwen knew this strategy entailed big risks. But the risks of
continuing to do things the old way were even greater.
"Mining is one of humanity's oldest industrial pursuits," McEwen says.
"This is old economy. But a mineral discovery is like a technological
discovery. There's the same rapid creation of wealth as rising
expectations improve profitability. If we could find gold faster,
we could really improve the value of the company."
And improve the value they did. Within weeks, submissions from over
one thousand virtual prospectors in over fifty countries crunched
the data. But geologists weren't the only participants.
Mathematicians, graduate students, consultants, and military officers
all submitted entries.
They had, "applied math, advanced physics, intelligent systems,
computer graphics, and organic solutions to inorganic problems."
Not only had the contestants identified new targets on the Red Lake
property, they introduced Goldcorp to state-of-the-art technologies
and exploration methodologies, including new drilling techniques and
data-collection procedures, and more advance approaches to geological
modeling.
McEwen had harnessed a technological trend that most in the industry
would have shunned.
As a result, he turned his destined-for-failure $100 million company
into a company today worth over $27 billion -
even in our currently depressed market.
In Conquest Resources a neighbour Alexander property, we have a
discovery of a gold junior play:
Conquest Resources Ltd. (TSX:CQR)(USOTC:CQRLF).
If you have not already read the report, you can find it by clicking....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43916831
Alexander property which has been held in good standing since 1945
and is 100% owned by CQR since 1945
its about time more drilling
and mining of it get done
Goldcorp would love to get it for the property
is larger than Goldcorp's old Red Lake Mines property -
and in same goldbelt -
which is said to be one of the richest gold properties
in the world
Got Gold dd..listen to..
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/
btw. I would not sell CQR below many fiatz$$/sh
and most likely I sell NO one only buying more
as I done with Goldcorp
Gold: on the move we have been waiting for? - lol
Gold Spot (FOREX:XAUUSDO Ausome ex..
http://www.conquestresources.net/pdfs/CQR_Fact_Sheet.pdf
God Bless
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