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NYBob

06/22/12 7:31 PM

#430 RE: energy_wave #429

energy_wave that's right, they only got a sniff of
the Mother-Load -
ex....
its well hidden deeper down -
ex....
@ Red Lake Gold Mine -
http://www.goldcorp.com/Unrivalled-Assets/Mines-and-Projects/Canada-and-US/Operations/Red-Lake/Overview-and-Operating-Highlights/default.aspx

the profs. the mining eng. & geol. wanted to shut it down -
they said its out mined its too little gold etc.
the advise to McEvans and Dickenson who owned it was to do
shut down & the reclamation work, dismantle the mine etc.
McEvans decided to drill from the bottom @ the deepest working about
3000' down level and got Au 1 oz/t plus the rest is history -
at current its one of the richest lowest cost gold mine in the world -
I was shareholder of Dickenson and got Goldcorp share for it etc.
so wait to SGM start the drilling from the bottom of the mines -
the Mother Load gold veins will wider and be richer the deeper we go down :-) -
that's why I am still here :-)
@ Red Lake they run @ about 2oz/t average but more than 10oz/t
@ high grade stuff :-)
history often repeat itself -
SGM is @ a penny bargain/oz imo.
God Bless