Replies to post #5082 on UNICO INCORPORATED (AZ) (fka UNCO)

[ronning999]

golden8,

You can't even read. You just said "Operations at the deer trail mine ceased in 1981 due to lack of mill and smelter reciepts."

The Unico link says "All such mining operations were ceased in 1981 due to lack of mill and smelter recipients."

That says recipients NOT receipts as you think.

Your post #5075 says "They walked away due to low metal prices." This is NOT the case golden8 -- they just could NOT find anyone to take this rock.

Again golden8, look in a mirror when you say "You really dont know what your posting about."

[apostrophe]

That sounds about right.

Although gold was still somewhat high in the eighties, compared to the seventies, the significant thing was the trend at the time.

It hit an all time high around 1980 then dropped about 40% from 1980 to 1981. Then continued a general downtrend all the way to 2001. Very bad for junior miners. Nobody was buying gold /pm.

http://66.38.218.33/scripts/hist_charts/yearly_graphs.plx

Actually UCOI 's timing was pretty good on the aquisition, perfect, couldn't have been better. imo