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The company has some exciting cobalt properties near Shining Tree, approximately 100km south of Timmins. Rich veins in the system fed a deposit averaging approximately 4% cobalt which is more than 8 times richer than most sources of cobalt in the world (Cobalt normally occurs in deposits as a .02% by-product of nickel ores or as a deposit with copper or nickel ores with a .5% cobalt grade).
That is what it says. I cannot see how they can make that statement and stay within 43-101 guidelines. My guess is that the website is not compliant. They cannot say a mineral deposit averages that unless they refer to it as in the allowed categories of inferred, measure, indicated or reserve. We know it cannot be indicated or measured, and we are not sure from the statement if in fact it may be inferred.
Qualification is needed in these kind of statements.
I must admit, with the limited drilling to date, the McAra property is fascinating.
The area of mineralization, 80X140 metres is small, so far. Maybe 20,000 tons.
EC<:-}
Are you sure that is not 0.4% Cobalt? (LBE)
That is the Cambridge deal on the 24th at the con centre?
Thanks for the warning. I will let as many people know as I can that you may be in town so they can hide out.
EC<:-}
I like the title of this thread. nickel and cobalt. I know it sounds simplistically laudatory.. and it is.. rs wrote a song about r&r which I believe was even more basicist. it's only r&r bud I likes it..
ni and co.
& pgms.
EC<:-}
Ve haf all de hospitaliter ve can handle. but no roomsovich.
ve lifes in der city..
see you dere..
let others bear the cost of der propagander, we vill mine der ore.
Section of offshoot from Mile Long Vein
Massive Quartz from Section of Mile Long Vein
Mine
1960's - Edward O. Thorp
One of the most famous mathematicians who developed a lifelong fascination with the game of blackjack and the mathematics of risk was Edward Thorp. In 1961 after receiving his PhD. in mathematics, Thorp was hired as a lecturer at MIT. His credentials included an M.A. in Physics, as well as teaching mathematics at UCLA, MIT, NMSU and UC Irvine. He also taught Quantitative Finance. Thorp wrote a paper titled Fortune's Formula which he presented at the American Mathematical Association's yearly meeting. This paper described some of Thorp's early blackjack simulations which he ran on an IBM 704.
These blackjack simulations included Basic Strategy and Card Counting. He considered the effects of all the different cards when removed from the deck. He assigned a positive value to the cards that had a positive effect and a negative value to cards that had a negative effect. Of course these values were all different because the cards had different effects. You then added these values as the cards were exposed during game play. This was called the running count. When your running count was positive it meant that the total effect of removed "bad" cards was bigger than the total effect of the removed "good" cards, so the blackjack player had the edge. This was known as the Thorp "Ten Count" blackjack system which was detailed in his 1962 book, Beat the Dealer.
To test his blackjack theories Thorp joined forces with Emmanuel Kimmel, a New York businessman, to undertake a financial blackjack adventure. The two took a trip to Reno, Nevada, to play blackjack using card counting techniques never before heard of. They started with a $10,000 bankroll. By the time Thorp and Kimmel finished their great blackjack adventure, they had more than doubled their money. This was a pivotal moment in history for the game of blackjack. The seeds of card counting were sown.
huge mine goes off...
These services will let you draw your own trend lines on the graph.
I am with you in despising auto-crap.. expensive, made for building houses, the add-ons are too specialized and not made as a 3D GIS.. you cannot easily create curved surfaces to draw on nor vectored slices of a cube containing your shape, to orient towards, to draw on.. And even if you could, you cannot easily find your way back to the original view.. it's a maze-nightmare..
I tried once to create a sphere in autocad, then draw on that sphere an east-west line and measure from that line over the surface, (from the E-W line projection onto the sphere) back to a latitude line of the sphere along a meridian.. for surveying purposes. zoom on the detail etc.. fahgeddaboudid.. Autocad was made 2.5 D and will ever remain so.. arc view too arcane and expensive .. not really a drawing tool.
And lisp is out of date. like forth.. who cares? bad programmatic language.. progamming languages are to be written for programmers/people to understand, not machines.. compilation is for latter function...
The problem is with drawing 3d is you only have 2d to draw with unless you use another input with a dimension controlling depth positioning, which is a both a hand and mind-co-ordinate co-ordination problem.. (when you view one plane, you have to see and control the depth co-ords.. which is visually difficult and hard to simulataneoulsy hand control two movements..) while this could be tried, it is often more effective to position your depth co-efficient as a plane, perhaps formulaicly or interactively cursor-attractor bendable as well (by differing means).. and draw on that in 2D.. easy plane positioning, orientation-to-draw and homing to original view paradigms are what is needed.
Then there should be programmatic hooks to enter time/position/ formulae and change variables to the drawing.. lines, surfaces, areas should be formulaicly changeable with time stops... to show interactions of varying inputs to environment over time or other criteria.
There must/should be a CAD out there that allows flexibility in 3D and allows real work co-ords that real people use.. if not someone should write one.. like fast.. before engineers and mappers go mad.. and it need not cost 100K like mechanical designer.. or other specialized cads.. I think $3500 would be a target for a draw anywhere 3D cad. Estimated sales out of the door would be about 100,000 North America. Miners, surveyors, geologist, mappers, lanscapers, developers, city planners, bankers, geographers, hydrologists, weather people, airlines, architects, designers, dress makers, bootmakers, pipe fitters, tank makers, farbic structure builders, pipeliners, golf course designers, demographers, computer game designers, aircraft designers, military, ride designers, mathematicians, wireless telecom people, trucking companies, military. -and- anybody else who has a 3rd and 4th(time/variable inputs) energy/geometric dimension they have to play with. Have to use a dongle.
EC<:-}
That is an ekwadorian specialty..
The mines of the Inca lords were anything but spec. They were very tacular. It was difficult to mine them. They were mostly very meagre high mountain placers. They used to mine most of the gold in very steep (45 to 60 degree) sluices cut out of rock in the streams themselves. They functioned more like stair step concentrators, rather than sluices, with the "bounce" principle of the buddle being operative, not the back wash rotor of the sluice. With 1.5 million people working the placers they collected an impressive amount of gold, some 7 million ounces per year for several hundred years. The Spaniards mined their Colonial mines underground, some 2000 of them, from Columbia, the richest gold ground, to Chile, using the Queychua as miner/slaves.
The most interesting aspect of the Queychua mines was the concentrating aspect once they had a placer con. They took the con and stirred it in earthen vats with three salts they mined on the Nazca plain. This dissolved the pyrite and the gold. Then they limed the solution to neutrality, and boiled it for 5 days with scratched copper suspended in wicker baskets in the solution. The copper collected a dirty crud containing high grade gold. Melting that down, they poured pure gold. They had an interesting way of plating copper with gold which is ordinarily considered impossible, but it was actually not plate, but an alloy with the outer shield dissolved by chlorates, leaving only the gold showing. For this reason the Inca statuary which looks to be pure gold is actually only 10%.
EC<:-}
truth or dare?
RR, hmmmmm.... u bin hanging out in alternative entertainment establishments? .. are all the waiters men? with like very good tight fitting, clothing styles and they kind of walk with a bit of ah, er, sway? do they serve all the drinks with fancy colours and little umbrellas in them?
pm me, those bars are not for real men...
Most of those mothers are in the pluton hotel, it's true. The pluton or intrusive theory of gold is pre 1945. Today it is not as widely accepted. QFP is considered to be the more correlative ore packer. Set up on the pillow lavas, drill through the tuffs/ore/shear zone into the fedspar porphyry seems to be the order in 90% of CDN gold stories.
Down in the lower americas the story changes somewhat but a felsic thingie is generally needed. Quartz and sulphides and shear are still a strong story. Low sulphide jasperoid thingies are very common too, though. The US has all these limestone thingies with sulphides and gold. MLM has one in Montana that is interesting. Small so far.
The mines of the Inca lords were anything by spec. They were very tacular. It was difficult to mine them. They were mostly very meagre high mountain placers. They used to mine most of the gold in very steep (45 to 60 degree) sluices cut out of rock in the streams themselves. They functioned more like stair step concentrators, rather than sluices, with the "bounce" principle of the buddle being operative, not the back wash rotor of the sluice. With 1.5 million people working the placers they collected an impressive amount of gold, some 7 million ounces per year for several hundred years. The Spaniards mined their Colonial mines underground, some 2000 of them, from Columbia, the richest gold ground, to Chile, using the Queychua as miner/slaves.
The most interesting aspect of the Queychua mines was the concentrating aspect once they had a placer con. They took the con and stirred it in earthen vats with three salts they mined on the Nazca plain. This dissolved the pyrite and the gold. Then they limed the solution to neutrality, and boiled it for 5 days with scratched copper suspended in wicker baskets in the solution. The copper collected a dirty crud containing high grade gold. Melting that down, they poured pure gold. They had an interesting way of plating copper with gold which is ordinarily considered impossible, but it was actually not plate, but an alloy with the outer shield dissolved by chlorates, leaving only the gold showing. For this reason the Inca statuary which looks to be pure gold is actually only 10%.
The major source of pre-Columbian gold appears to have been alluvial, which may also have contained silver. Alluvial, or placer gold, is abundant and easy to mine, and when alloyed with copper has a lower melting temperature. Its malleability permitted minimal preparation before crafting. Today, northern Peru hosts two of the country’s three major areas of alluvial gold production; abundant goldwork items correlate with these areas of abundant placer gold. Of Peru’s 14 gold-producing districts, the Pataz district in northern Peru is known to have produced the precious metal from gold-quartz-pyrite veins since pre-Columbian times. This district also has the largest historical production of gold in Peru.
Some goldwork objects and mask and craft decorations contain platinum nodules. Both metals have similarly high specific gravity. Gold-platinum alluvial occurrences exist in Columbia, Bolivia, Ecuador and Peru. Because of platinum’s brittleness and high melting point, the Spaniards who colonized the area discarded platinum artifacts in favor of the tumbaga artifacts that could easily be melted and returned to Spain.
http://www.gold.org/discover/knowledge/aboutgold/ancient_world/index.html
EC<:-}
well, yes, obviously they connect up, duh.. uh... but where does the grade/etc switch over from 15 grams over 160 meters to 1 gram over 50? The Bonza is a low grade thingie..of course it does not have to stay that way in every direction, does it?
Going north however, the grade seems to hold.. and it is capped by 200 feet of rock... so it could not have leaked into the nearby rivers.. could it.. unless.. ok.. unless it surfaces as one goes North... or south.. why do I insist about the leakage.. because because that is how it was accidentally found by followng river gold back to assumed sources.. so either it it is not a source or it is, and if it is, then it cannot be capped everywhere...
-or- we are both full of shish.. Ekwador does not exist.. there is no gold in the streams around there like there is in China a Borneo..
We are looking for this stuff too...
We are into pasties after stripping...
we admit that but in looking at these properties, we see zero liability.. that was carefully considered.. no bad tailings ponds, closed out shafts or active and workable.. underground mines pose few hazards to health and safety of surrounding populations..
The cyanide would have completely died 38 years ago.. the trouble with cyanide is its complete lack of persistence.. it is hard to keep alive in a mill circuit, thousands of natural "cyanicides" abound.. iron, copper, sulphate, etc.. and in nature it disappears like magic.. the CDN government is totally not worried about cyanide because in 110 years of use it has never resulted in a fatality from a tailings pond...
The most common use of cyanide is in the metal plating industry, where 12 times what is used in mining is employed routinely and the cyanide waste "killed" totally by chlorine, ozone, thiosulphate and other methods.. and the harmless residue goes into 1000 storm sewers.. Boats in harbours throughout the world fumigate for pest with cyanide gas in port and people are non the wiser.. the wheat transported in these boats contains no trace of the substance..
There is enough cyanide in 50 peach pits and 5 lbs of lima beans to kill you dead in one hour..
The most common cause of cyanide poisoning, which occurs 5 times per hour in North America, is smoke inhalation.. which kills from cyanosis -- smoke contains hydrogen cyanide especially if it emanates from burning plastics .. this explains the colour of a person who has been exposed to smoke .. flushed pink and seemingly not deprived of oxygen except at a cellular level..
cyanide at a certain low, low, level is non toxic and is naturally handled by the body where it is common in fruit seeds and other anti-oxidants.. the pro-antho-cyanidins.. it is a positive benefit.. but at a certain critical level which is very low also, it becomes very toxic..
Tailings ponds do not contain harmful amounts of cyanide. their cyanide is very dispersed and locked into ferrocyanates.. but under certain conditions very high sulphide ponds that had imperfect cyanide destruction may release their cyanide very locally upon sulphide oxidation.. that has to be watched for, but overall, unless you are handling the material it is not a widespread environmental hazard.. heavy metal would be much more serious and even that is an overrated hazard.. but environmentalists trying to make hay with propaganda..
The fundamental problem with all the environmental propaganda is that it is weak science and hooey.. the real waste problem by the second law of thermodynamics, is that pollution only occurs at a serious level with the secondary and higher processes. Low level primary processes such as mining cannot cause enough break down of substances, oxidation, or process toxicity and resulting spread of toxins to worry about. Exceptions to this rule where smelter gases spread widely are admitted.. but tailings ponds don't go far.. everything stays where it is put.. and that is often far from much human habitation or uptake..
It is the cities and factories that are responsible for 99% of the spread of toxins. The were never worried about in the past because of their admittedly low level. The principle of increase in due to heirarchy of the food chain and its concentrator effect, that it became apparent that low level diffusive spread of toxins into basins was a hazard.
Somebody spilled a drink here...
East of Eden -- and the dead tree gives no shelter... but loads of gold, bubie...
you will get drunk on our mining projects.. how many mines did you want to start..?
ALL FREE GOLD..
ALL HIGH GRADE..
TONS OF ORE
EASY ACCESS
CUSTOM MILLS
LOW PRICED STOCK
WE HAVE NO MONEY ...
Real Moose Pasture
I have black and yellow mine muckers.. are we going anywhere kool?
IFF u bye drinks.. I don't buy drinks on principle.. (principle of no money.. I am NOT a cheap bastard..) and I can give you valuable weight loss tips...
I .. will .. be the Toronto mining conference...
Look for the man in the plaid pants, with the thick eyeglasses and large buck teeth, wearing a very suave propellor-beanie, (not with multi colours.. multi-colour propellor beanies are so yesterday ...) with the tee-shirt which says, "Yes, I stopped beating my wife and now I am into gold in seawater ... what is your problem?"
EC<:-}
there is high gold in them, but they represent really low volume. I looked at gold in some tails pipes.. always covered with iron wire that has to be labouriously removed.. and the wood is sand soaked so cannot be cut with saw.. has to be blasted or axe cut... take 1/2 mile of pipe.. 8 inches thick and and half plugged.. 436 cubic feet of sand.. 24 tons.. it had better be rich as hell for all the work you put into it.. best assay I ever got on tails sands in pipes was 0.04.. heard about 0.20 never found it.. theory states it should be in fine lines on pipe bottoms.. uh-huh.. and maybe not..
the idea is the fall out of gold along the pipe.. well yes.. could try for things like that... but did you ever try to handle that pipe, cut it? hell is a better bet for a good time.. and with fine gold in sulfides.. not that profitable either... McIntyre had sulfide tie up and so did KL.. no free gold to speak of... no direct smelting stuff.. what do you do with all that gold and sulphides? oxidize and brominate..? hell on wheels again.. more than a backyard op for sure..
Last Exit to the Golden Highway...
She didn't need any g******n skell to buy her a drink. She could get anything she wanted in Willies. She had her kicks. She'd go back to Willies where what she said goes. That was the joint. There was always somebody in there with money. No bums like these cruds. Did they think she'd let any g*****n bum in her pants and play with her t**s for a few bucks. S**t! She could get a seaman's whole payoff just sittin in Willies (page 111).
La-La Likes it
A cheechako.. dry stump.. whacked it right off.. yep, the handle has seen better days..
but the best moly it ever say was right in that vein.. pure, pure moly in quartz.. richest moly in Canada... right there ina rock with nothing else besides moly.. never seen the like of it.. really.. don't think another mine like it exists anywhere..
Derelict Vein...
Derelict specimen of ore - note ALL you see here is MOLY and Quartz... simplest metallurgy in the WORLD..
derelict miner's hut
Moly Prospector far Afield
Just think about this.. whats his doozle and the guzzlemann found all this placer gold they bot of miners in the area.. and they used THAT to salt Bre-X.. now why didn't some one take serious look at where that placer gold was coming from and exploit that angle.. well they never do.. and make any money at it, it appears.. I know a guy who has a placer river in Indosleasia which runs 0.5 grams,, all the permits and miles of the stuff.. makes money hand over fist.. can't get a nickel to start up. No brainer as placers make money.. company is wes something I forget.. If I could raise the money I would buy it off him in heart beat.. give you Aurelian back for free..
I used to mine in Ekwadore. It was a good mine. Limestone and horsedoo. They would let us take out the horsedoo, and we had to give them back the limestone. People's stone.. Of course we took the horsedooie over the mountains and sold it for fertilizer and got rich.. burn it and it is a source of energy.. peasants did the work for free.. and all the horsedoo they could eat.. Then we processed the dungeriedoo, and it was rich in (*gasp*)... guess?... yep, GOLD.. horsedoo is loaded with gold.. still can't spend all the money we made..
And if you believe that, just try assaying the toronto sewage sludge.. 0.10 OPT.. I swear... all the chlorinated water on wedding rings and all that gold in teeth.. washes down the drain, hydrocarbons pick it up.. Pat Sheridan looked at it in the 1970's. Could not get permist for KL, but it worked and tested..
I am working on a way to take gold out of sea-water.. there is 15 cents colloid that they never tested in the days of Haber.. especially high near certain rivers.. per metric ton.. needless to say there are a few met tons in the sea.. we could screen out 100,000 tons per day with a few wind driven pumps. 15,000/d and collect it with... horsedoo and limestone.. sure it collects the stuff for free .. taking it out of the h and l? thot you would never ask.. ants.. yes.. they eat all that stuff and concentrate it.. put the ants in a bath of salts and the gold all falls out.. for free..
you in?
EC<:-}
I wonder if there is really any gold on/in/with the property ...
-or-
maybe ...
The only derelicts I know here are (some) our fellow posters.
You know who you are...
There are dirt bags and cheeseballs too, but most of them are on Bay and Howe Streets.
Does this headframe look derelict to you? I see a bit of rust on one of the cross beams, maybe they aren't keeping up with the paintings..
800 million ounces!
hee hee hee..
I whiz on heez report...
I thot telling out and out outrageous fibs was illegal in Arkansas?
With only 600 million shares out? Good question.
Lookin'
Noli turbare circulos meos! Omnium rerum principia parva sunt
Saepe ne utile quidem est scire quid futurum sit.
There it is. Now you see the two points where it reached its high in one day? that is called a death spiral financing. All the money goes in on the same day to bring it to the high. Then they short it down to one cent. They make the money on the short. The trick is how to short it. They can do it naked on the pinks because they don't have to borrow the stock. It was an old bulletin board trick but the SEC stopped it demanding they borrow actual certs to short, causing BB stocks to all go tinkle winkle.
That is the only money that was made on this stock and the only money that ever will be made. The short side.
So at 600 million shares out, it will go to 20 cents and people will be found to pay 120 million dollars for this stock?
uh-huh....
what is that stuff you are smoking?
In order to be worth $120,000,000 they would have to earn 64 million dollars a year before expenses, interest, depreciation and taxes. For ten years. That would indicate a one million ounce orebody of very high profitability. Now I am sure that Malvinas POC, which is conjectural and perhaps 50 tpd of 0.20 opt if it exists at all, will not generate that much interest.
This won't happen. Another death spiral financing to 30 cents is a possibility. Maybe, but I doubt it. Look at the level of the second financing on stockcharts.com. No volume. On a death spiral on the pinks the insiders take it up, and they don't buy off you, bubie, so you cannot get out of your stock. They could not do this on a real exchange. The quote could be 30 cents, but there are no offers to buy at that price that will be exercised if you try to sell into them.. (where would you sell to... if you want to exercise that argument..)
Been there and done that..It does not work.. all the quotes are phony.... which is why most people won't trade the pinks..
EC<:-}
I would say that news release is complete bs. see my post on the nature of death spiral financings. Look at the three year chart. it is obvious this poc is a vehicle for shorting stocks and making money on the oversell. somebody made money on this, but it was not on the long. the poster who said he made money on it holding it long to a dollar may be telling the truth, but he is one out of 1000 if he is. he is invited to scan in and post his buy orders and incidentally if this is such a good stock why did he sell it, and how did he know that was the high?
EC<:-}
Isn't this one of those BB stocks that got financed at ten cents and was shorted by the financiers to under one cent? This is why the US authorities are rooting out the dead wood on the BB.. The money has been made by the death-spiral dead short boys. The stock ain't comin' back.
Move on.
http://bigcharts.marketwatch.com/charts/big.chart?symb=mgmx&compidx=aaaaa%3A0&ma=1&maval...
Let me explain the history of this to you. It was financed in 2004 and then again in 2005. The financiers shorted the stock to one cent each time, gathering it all up after each crash to the cent. This costs them nothing to buy back in, and they made 40 cents a share each time on the short. The buying public are the suckers who hold on for the mythical top they see in the chart, that believe me brother you are not going to get a seller for on the pinks if your name was John Q. God.
EC<:-}
To no one in particular. It was too good to leave out..
Quando podeces te regi eorum fecerunt?
EC<:-}
Well, the Davies won't cause a fire, so you needn't have worried. The fire at any rate was caused by dry lightning. There is little need for damp in those mines.
I did some surveying in one of the northern twps that showed the evidence of the fire. Huge poplars overgrew the old township lines everywhere except in the cedar swamp where you could see the old line for perhaps a half mile as skyline.
Some auriferous cavities in Ontario produce prodigious methane. A mine we are interested in restarting is a case in point. Methane emanates from a deep hole at the 1640 level. No one can figure the source as pre cambrian rocks should have no natural methane sources. Enough accumulated in a surface shaft to blow two miners out of it when the lit a smoke. No one was hurt.
http://www.routledge-ny.com/ref/criminology/english.html
The main thing to do is keep your power dry, and don't transport fuse in the same conveyance.
Well, the Davies won't cause a fire, so you needn't have worried. The fire at any rate was caused by dry lightning. There is little need for damp in those mines.
I did some surveying in one of the northern twps that showed the evidence of the fire. Huge poplars overgrew the old township lines everywhere except in the cedar swamp where you could see the old line for perhaps a half mile as skyline.
Some auriferous cavities in Ontario produce prodigious methane. A mine we are interested in restarting is a case in point. Methane emanates from a deep hole at the 1640 level. No one can figure the source as pre cambrian rocks should have no natural methane sources. Enough accumulated in a surface shaft to blow two miners out of it when the lit a smoke. No one was hurt.