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That we have 100 million of near all inferred resources,does not help as much as reserves.We need our ounces confirmed as quality ounces.A fair and major question,"What extra infill drilling would be required to upgrade our inferred resource?"
I immediately admit,getting inferred resources first is best.If we had all as resrves,a much smaller figure would ioccurand disillusion.It is now time to be proving up more of the ounces as reserves,but we also have a lot more land to drill.
If we think back to late 2006,we had 7,000 metres of widely spaced metres drilled.Planned for 2007 was a further 50,000 metres costing about 10 million.So the overall planning was to have 57,000 metres completed.of that,we now have 34,000 metres completed,or 60 % of the total.
Another 23,000 metres is a lot more drilling but PZG seems to be planning more,beside that figure.If the needed 23,000 was drilled at a similar success rate,we would have an inferred resource of about 160 million silver ounces.I say clearly,that is a lot.That is a big find.(Sure still inferred but easir to get cash to confirm reserves,than to merely initially find the mineralization.
Now some assistance please team.Today,in my readings,I saw the planned driling PZG has in mind looking forward.It was a lot more than the 'known' 23,000 metres to cpmplete the $10 million campaign.Please can someone post or us what drilling PZG is planning as I have failed to re find it.
Looking forward.150 inferred ounces,followed then then by 150 reserve ounces.That sounds like acceptable progress to me.
Gettingmore fully paid up,more explored properties back s a little bonus.
I suspected la Camera was having funding problems.
Agreed.But this time the target can fight back and the consequences could be much greater.Expect oil to go into orbit-and to be in short supply.Expect gold/silver to move up sharply.
What really frightens me is the social problems that will occur fast.How to transport food,and the normal items of city life?
How do you feed Mexico City with few trucks running,or Tokyo,or New York?
There have been roits over food and gas prices.But what to expect if food is really in short supply?
Target fighting back.The Iranians have missiles to hit Israel.Will the Syrians come in?Will Hezbollah unleash their new weapons on Israel too.How would Israel then counter respond?
To frightening for me
La Camera paid considerable sums to TRGD but it looks like they could not continue making payments.
Fully agree,a lot of potential for the $s invested.However,look at other juniors and their share price decline in the last 11 months.While GORO has not jumped a lot,it has not fallen in tandem with the junior market .
I just wish I had bought more GORO a year ago,and sold off a lot of the rest.
Super cheap acquisition of more land surrounding San miguel.
Believe the resource report very close now.
Yes,the TM site has a production value per ton:$200 a ton.
What happened to $900?
Then again,if a $17 million dollar stock can earn $12 million in the first year of production!
Some background reading.All very positive for gold and silver.TRGD has both.
Kenneth J. Gerbino & Company
Posted Jun 19, 2008
Genève and Zurich Speech Notes
June 4-6, 2008
Academe Finance Conference
Keynote Address
There are three main mega drivers to all investment markets 1) The Commodity Pendulum, 2) Excessive Money and Credit Creation Globally, 3) Progress - Population - Technology.
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Commodity Pendulum has just started. Normally 20-25 years. Uptrend started in 2001. Commodities adjusted for Inflation in real terms must increase 75% to just catch up with the 1960 prices. Much higher prices coming and will trend higher for the long term.
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China and India: Obvious and Huge. Highest U.S. Steel consumption is from building industry. If a 75% downturn in the U.S. (worse than the great Depression of the 30's) there would still be a shortfall of copper supply due to Chinese demand in 2008 and 2009. Massive demand for raw materials coming for decades from developing countries.
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World Governments cannot fulfill the promises to their citizens. Only way out is printing more money. Very Inflationary. Gold will go much higher.
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No Deflation: This is a PR Line from Central Banks as an excuse to print money. 1987 crash in the U.S stock market saw over $10 trillion in Stock and Bond market losses and there was no deflation or recession. Financial assets, money, and credit are distinct economic classes and should not be confused with each other, even if they are related.
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Mining Analysts too conservative in metal price projections. 35 years in this business and I have never seen them get it right. This creates uncertainty in the market. Most are geologists or engineers and have little economic background to predict raw material prices. Since economists are also clueless - it makes for a volatile metals market. Key to the future will be the three "drivers" mentioned above. Metals are going much higher.
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U.S. is a Welfare-Warfare State. 90% of our budget is spent on these two items. Both require printing massive amounts of money. Internationally the U.S. is the Good, Bad and the Ugly. Great nation for many things but foreign policy difficult since plenty of business is conducted in many countries that have horrible human rights records. We give more money to dictators than any country on earth. We are also the first country to send help for earthquakes and floods. We are the most generous nation.
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U.S. had $21 trillion in direct and indirect obligations as of 2000. In 8 years this is now $53 trillion. A $32 trillion increase. Very inflationary. Bullish for all precious metals.
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Highly Speculative world: J.P. Morgan with $1.2 billion in equity controlling $91 trillion in derivatives. Many foreign banks and investment groups will have problems as well in the future. Time to be conservative.
.
Best Investments:
Swiss Francs
Gold
Precious Metal Mining Stocks
Natural Resource Companies
One Year Government Bonds
.
Major stock market investments should wait until Interest rates are twice as high as today and then look to buy well known consumer brand large cap companies on world stock markets that will be much lower in price as inflation and interest rates head much higher and hit world stock markets hard. Precious metal stocks will be the strongest stock sector.
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Gold should stay above $800 and if lower will only be temporary. Gold will trend higher for a decade. I see much higher prices.
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Gold mining stocks are undervalued and weak holders are all out. As inflation numbers continue to be reported, these shares will be very strong. Inflation is from excess money creation not oil or commodities prices going up. Paper money is cause. Prices going up is the effect.
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Credit and Monetary conditions are out of control and very dangerous. Our fund and client portfolios are basically in cash or precious metal stocks.
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U.S. money supply is expanding but Monetary Base and M1 are now misleading as money is swept from checking accounts daily and placed in interest bearing money market accounts. M2 is now the only reliable money supply. Monetary Base and M1 numbers are misleading most commentators that are not sophisticated in Fed policies or new programs.
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Bottom Line: G-8 countries cannot meet their financial promises and the political solution is to print money to make ends meet. This is now ingrained in their systems and with budget deficits mounting will become worse over time.
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The world will not go into a depression like the 1930's which was a depression of productivity.The depression of the future will be one of purchasing power of the lower and middle class wage earners who will see their standard of living reduced because of the paper money system.
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The world will not come to and end. The future will be like the past only everything will be more expensive.
Thank you,
For more articles on gold, the stock market and economy please visit our website at: www.kengerbino.com
Good point Tampa.If we have TRGD owning 30 million TM times 60 cents.$18 million worth.As you say,near 20 cents a share for TRGD,there alone.
You get the rest of TRGD for $12 million or so.Thing is,TRGD has already been offered more than that for its share of SM,I believe.
Let us see TM production coming into the bank and the SM resource report.
Thank you.Will do.
Anyone else read the Royal bank of Scotland on their take on the banking situation?They see the difference in USA policy-lowwer interest rates,and Europe-higher interest rates-as setting up serious trouble.Certainly the banking fiasco has a long way to go.I feel a lot safer withgold and silver than paper money.GORO is a great gold/silver proxy.
(You know,for the bashers of this stock-the Reids must be bribing the assayers!)
Hello my old friend and fellow Tarist.
Good to see you sharing here.
The sooner the resource report is out the better.TRGD shoud go up in tandem with PZG but has not caught the 20% rise .Yet.
1.http://www.911truth.org/article.php?story=20041221155307646
2.http://www.ae911truth.org/techarts.php
3.http://11syyskuu.blogspot.com/2006/02/destruction-of-wtc-7.html.
4.http://www.journalof911studies.com/beginners.html
5.http://www.prisonplanet.com/articles/december2007/120407_common_knowledge.htm
6.http://www.libertyforlife.com/eye-openers/cheny_implicated_911.html
7.http://www.libertyforlife.com/eye-openers/911/experts_expose_911_coverup.htm
Just a few.
Well yes,I can prove quite a lot that I wrote but not all.
1.A USA Airforce general did say Cheney ordered intercept aircraft grounded.Do you want a site reference.?
2.Many top USA forensic engineers have declared,the 2 towners could not be brought down by fire.Site reference available.
3.Tower 7 had no damage-yet it came down.Fact.See the photos.
4.An ex Italian president has decalred nearly all international intelligence agencies knew the real cause of the bombings.Published dec 23 2007.Do you want a reference?
5.Not one imahge of the strike on the Pentagon has been released-there were about 50 cameras round it.All images confiscated by the FBI.
6.The second plane to hit the Twin Towers was NOT an airliner-check the photographs.
7.All the valuted gold in Tower 7 was removed yet no one had a reason to expect an undamaged building to fall.
8.The plane that crashed.Their was nearly no plane debris.Check out photos of crashed large airliners-they occupy a vast area.
Doubt me for sure.That is sensible.But I will provide evidence if you will read it.
I fully agreed with your view,for a couple of years after 9-11.
TT your communication is a little inaccurate and your numbers awful,I suspect.
Now I am assuming San miguel has some 100 million silver ounce equivalents.70 million to PZG,30 million to our TRGD.What might they be worth.
Well PZG,has revalued 20 % in the last week,is worth 86 million dollars.That suggests an inground silver ounce worth about $1.2.Hmm.
In TRG's case,M/C about 30 million,suggests maybe $1 per inground ounce.Ha.
Try buying easy to mine silver,with more exploration remaining-maybe even more clavos-at such prices.
lets all be silly and suggest a low $2 per ounce inground.Low I know.There is 60 cents per TRGD share there in cash,alone!
Consider then TM.My numbers suggest 30 cents value there once mining.(The possibility of a lot more but let us wait till Mr Brownlie really gets working.
What do I want now.Simple=TRGD with cash.That would make a HUGE difference.TM would be mining and fast.More property buying then is on.developing our own properties too would be a lot better than relying on too many JVs.Such could also help facilitate a merger with a suitable partner.Doors open.
Just think team,once we are mining we can do more drilling-and get more assays-hopefully as good.
Sometimes a little discretion is needed in mining matters.
Bigshow,all of the lies re Iraq,were KNOWN by foreign intelligence.They knew it was all a Bush con.
9/11 was with govt complicity.Cheney personally ordered an airorce geneeral not to intercept the two planes that hit the Twin Towers.President Bush's brother was involved intimately with the security co. that removed the security guards and sniffer dog in the towers,2 weeks prior to the plane crashes and the ensuing detonations.
Iran with nuclear weapons.The question is,can the Israelis or USA live with that?I believe they cannot.This time,action could be justified.
You think TRGD is a problem.Go and check out the rest of the juniors!
TRGD has lots of company but the company does not have such good properties.
There was a secret congressional meeting 28 March,2008.That was used to justify illegal wiretapping.Then again,govt,. in the USA breaching the great constitution is not that rare.
Whisper is,at that meeting,members were told of possible major social problems in the USA later this year.An attack on Iran,would have repercussions enough to cause serious social problems in the USA and of course,worldwide.Oil prices at current levels are causing dislocations,guess what dropping oil supplies by 2/3 would do?
Apparently the large investment banks like Deuche bank,Morgan Stanley,Goldman Sachs,have been leasing oil storage facilities,oil and gas pipelines,North Sea oil.These guys are linked not only to the USA govt,but to those that control the govt.Insider trading does not occur of course,when you are big enough.
Montanore,your post considers much more than I have to date.
Recall that Isreal has attacked Iranian nuclear installations previously.Then again,it is a different Iran today.
I saw a closing of the Straits of Hormuz very likely,but you are possibly right:Iran has the means to hit Israel and rumours of Hezbollah getting far superior rockets and means to bring aircraft down fits with your prescription of awful medicine.
I do not know about the other Arab states generally but know a number do not like having the thought of a nuclear Iran bulging with bully-boy-muscle,close by.
Your scenario is super bullish for gold and probably silver but the dislocations that would occur could mean holding real metal money,in hand ,better than mining shares.If you are in the USA I would not bet against PM confiscation.(Thomas Jefferson warned against big govt a long time ago.)
Dig quietly,dig deep.
Not that my GORO are for sale.
But Bigshow,you are being thoughtful.Being a rational person.There was nothing rational or at all sensible about attacking Iraq.The French,Germans for example told the USA what the results would be in early 2000.The English history there told you an invasion would fail.But a patttern of lies and there you have it:A crazy war.
Now the military arms manufacturing congression lobby is the second strongest in the USA.They would love to supply more high profit bombs.(Look at Cheney's company's profit boost.)The strongest USA lobby ,the Jewish congressional lobby,also wants a bombing.Could be,more than a few Arab leaders would like Iran cut down too.
Bombing is of course,less expensive than invading.Problem is,the unexpected costs.The unexpected repercussions.
You forget,JV partners,JV payments .
I think PZG paid far too much for the tiny adjoining property.
There are 2 factors that to me,immediately seem very bullish for gold.
1.The probability of some severe bank insolvency occurring.
2.An attack on Iran.The USA has a second carrier force off shore there.The Israelis and USA have given clear warnings.The Europeans are calling for changes in Iran too.The pattern sounds familiar.
Interesting to see the dollar rise and gold drop:all on one man's expelled air.
One might ask,what should it take to have a strong currency.
Just a few pointers.
1.Positive balance of trade.
2.Fiscal surpluses.
3.Populace with good savings records.(or course this relates back to point (1).Interest rates above inflation help.
4.An improving education system.
5.Reducing taxation.(though such has to be very carefully managed or balance of payments problems can result)
6.More use of capital goods.
7.A business friendly environment.
8.An open playing field for business.Logically that means curbing lobby groups and taxing the tax free foundations.
9.Strict controls on the various methods of increasing the money supply.
10.Very limited welfare systems.
And which are occurring?
Which is Bernarke going to implement?
Remember,TRGD has 3 months after receiving drilling receipts,before payment was due.
If outside our SM zone,we would have been told.
This deeper drilling is doubly interesting:of course it adds to the clavo99 value but it also gives us the possibility other previously drilled sites,could run a lot deeper too.
Agree.
The USA banking problem,is barely recognised,so far.There is much worst to come.Much worse.Investment banks,regional banks,nation wide banks;many are in serious trouble.The high insurance provisions so many banks have for bad debts is no protection-the insurers are going bust fairly quickly.
The fed has been out of control for years,in terms of providing money as a reliable,long lived store of wealth.The best stores of wealth-probably unencumbered property and preciopus metals.
It is well worth doing your own research on the USA economic situations.Von Misses and 321Gold are good starting points.
Bigshow,what you are getting at is what I am wanting.
Hopefully your scenario occurs and the CG team seek a permanent,new mining junior to invigorate.Like you,I have the same junior in mind.
TRGD
A problem with your perspective.I believe CG is under investigation as a takeover target,including of course,the major that can buy back in compulsorarily.
So unless all above falls apart,and no takeover occurs,then maybe a merger would be possible.
We have drilled and discovered a lot of valuavble mineral resources so far.We have geomagnetic surveys suggesting a lot more drilling is needed on extensions of the mineralization.That is why we are here.
Consider the 'blackswan' factor.What could blow the normal world out of circuit?
An unfinished banking crisis?
Inflation a la the 1970s(Yes,that ages me)
An attack on Iran?
All of the above 'possibles',could have a dramatic affect on prevcious metals.
The French peasantry does not traditionally hold gold to help purify urine.Indian wives do not traditionally own old and silver as mere adornments.The Chinese do not distrust banks by accident.
I am happy for GORO to get to mining,the sooner the better.But most of the out of left fields I can think of say,give me precious metals.And that could really Goro GORO.
An economic commentator and his publication.
He is the closest we have to Karl Richebacher,the brilliant Austrian school,economist,now deceased.
Any other subscribers to The Privateer here?
Gosh you have not kept up with your reading on current affairs.A second aircraft carrier strike force has been sent to the Gulf.Bush is drumming anti Iran rhetoric again.Ex high ranking German statesman seeing an attack soon.Add in the secret congressional meeting of March 28.(Only the 4th such )
A little homework will reward.It might also alarm.Gold and silver would jump in such a scenario.Big question:will the Republican Guard get hit,or the nuclear research facilities as well?Will the Straits of Hormuse get closed?If that happened,the economic consequences would be dramatic.Oil supplies would near top.Transport halted all over.Food supplies?
It would be best if I am totally wrong.
Any purchase PZG makes,close to SM(There is a defined closeness.)subsequent to the JV ,must allow TRGD participation,according to the JV.
I believe we have a 30 % buy in right,or a 10 % free ride rigth,though someone might be better informed than me here on this one.
Right Shiester,but all mineralization is considered by possible purchasers, Luis Mine too.Palmerejo did not just sell on its resource but on its potential resource.
For me,waiting for the resource report,should be this month,will do TRGD good, then I suspect TARM will not list till we have a more informed market-that meaning in this instance,production news.
TARM's affect on TRGD.Theroretically,TRGD shares should get near a 1/4 of any uplift received by TARM shares,over the issue price.If we assume an issue price of 50 cents,with TARM selling at 70cents ,there might be a 5 cents gain attributable to TRGD.
My TARM are not for sale.
CNR is either going bust or boom.The fact the institutions are staying in and buying tells you something.
Not a sure thing but I am holding till I know.Too many od things happening.
Major gold/silver breakout.I expect $1,000 to be taken out soon,then much more.The dollar is back in home territory-falling.
make sure you have your silver and gold bullion under your control.
The coming attack on Iran will send gold skyward,silver too.
The SM resource report should come as the takeoff in PMs becomes obvious to more people.
Major gold/silver breakout.I expect $1,000 to be taken out soon,then much more.The dollar is back in home territory-falling.
make sure you have your silver and gold bullion under your control.
The coming attack on iran will send gold skyward,silver too.
Too damn odd.
This stock looks like a real investors disaster.
But get this:the major shareholders are buying more shares!
The current share offer,1-1 at 10 cents is totally underwritten.
Then add in,we have someone wanting in to drill Norio.Probably BP.They have the pipeline adjacent.
I believe we are being played false-or at least could be.
I am holding my small holding .More dd is needed here to uncover the truth.