I do own the metal money.Most bought early 2004.
I own a growing copper miner,as the BRIVCs will,need it,plus the Arabs,for infrastructure.A little perspective on copper follows from The Daily Reckoning.
"Friedland thinks he’s got a world-class project going at Mount Isa in Queensland. “The Mount Isa mining district is one of the top five mineralized districts on planet earth,” he told the local paper. “It doesn’t have to apologies to anyone. There’s the Witwatersrand in South Africa, there’s Norilsk in Russia, there’s the Cadillac district fault in Canada, there’s the main structure in Chile. This is one of the great mining regions in the world.”
Friedland is clearly on to something. He points out that these great new ore bodies of the mining world will replace many tired, old, bed-ridden mines that are nearing the end of their productive life. “Our view, and we talk to Rio Tinto about this a lot, is around the year 2012 or 2013 we are going to have a crisis in copper because a lot of the great copper mines are like little old ladies lying in bed waiting to die.”
Younger mines will have plenty of cost blowouts (see BHP’s Ravensthorpe nickel project). They will have to endure volatility in underlying commodity prices. But they have one thing the older mines don’t: a lot of ore in the ground. That’s worth something, especially at today’s resource share prices.
How are we playing it here at the Daily Reckoning’s Australian outpost?
While Frieldand looks for copper at Cloncurry, we’ve been targeting our investments to black coal and coal-seam-methane in Queensland, new uranium mines in South Australia (the only State which is permitting new mines right now), and, most importantly iron ore, vanadium, molybdenum and rare earth juniors in the vast expanse that is Western Australia (especially in the Pilbara region where we’re headed next week. A full report will follow).
Regards,"
Gold and silver coming miners as leverage on the metals.Touch too risky I admit.Still GORO should be mining soon.TARM hopefully is.PZG has SM plus some beautifully located land.
Wish I had in rhetrospect put more in the metals.My $4.80 silver still looks good.
NZ Maori situation.Agree.
The UN is the ultimate agency of socilism.
Sponsored by the tax free foundations.
Yes,near all economic activity will collapse soonish,per the bible.Then,you will be offered the electronic chip.
I have my freehold property and a large garden growing fast-if it would only stop raining so I could plant another plum trees.
Be kind to one another.
AI
