Charts & Comments
posted on
Feb 17, 2016 12:59PM
Saskatchewan's SECRET Gold Mining Development.
via TheStar.com - older article
I had been thinking to myself what had been discovered in the mineral world in the past several years, and there was precious little to be found, except for the chromite discovery in Northern Ontario.
(Of course you'll find Shawn Ryan in there because he made money off the prospect)
By way of irony, this old article in The Star was discussing the 'Peacock Showing' in Marathon, near Hemlo. Near Hemlo, you mean, like 'The New Hemlo,' right? It's an interesting article though it contains some irony.
GBN.V would have a major mineral discovery on their hands, should the consolidation of properties in the Star Lake and Jolu prospects reveal the same mineralizing system and geology throughout. Much like having discovered the Sigma-Lamaque mine anew, or proving out The Dome Mine in 1908. (The deposits near Star Lake and Jolu are like Sigma Lamaque and Komis is like Dome.)
Disvoveries had been made in the area every ten years for the last 70 years, and not the slightest interest in development could be discerned. In fact, the real financial interest was in short sales, or pump-and-dump. The financial interest has now moved over into derivatives, where equity values traded on Canadian markets depend almost entirely on a ratio with U.S. Treasury bonds, with gold price volatility a factor in mining share prices. A major stumbling block was the secrecy with which geologists and insiders dealt with their discoveries along the way.
Still, the thing missing is a major mineral discovery.
http://www.thestar.com/business/2010/10/31/stephen_roman_digging_up_his_own_success.html
You can go back over the years and look at what that has come to mean:
http://bit.ly/1mHH08r
-F6