via Midas Letter - Canada Flourospar

Canada Flourospar has a flourospar mining project with very obvious merits, but it's been bought out by capital interests. And this is just in the development stage, where GBN.V is now.

The second part of this article is about Colossus Minerals, who was at one time a market darling favourite and has gone bankrupt.

I would say I have to agree with John Kaiser in his point of view where the structure of financial markets makes valuation of mining projects problematic, since any amount of shares can be sold into the market to satisfy derivatives positions such as equity swaps, depressing prices, rather than blaming the central bank in the U.S.

The conservative goverment in Canada is pro-financialization and anti-mining.

But this is also an interesting point that favours hedging your bets in gold.

Midas Letter

-F6