Re: Two Very Negative Guys on Gold for 2014
in response to
by
posted on
Nov 15, 2013 02:58PM
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Another company is doing the same thing as Tyhee plans. There are so many out of business companies with excellent resources available, current production, and/or low cost of production even with capex but so few skilled and experienced personnel they need people with skills and excellent production experience. These companies are out of business because they cannot cope with the need for efficient low cost production at this time of low gold price or their current resources are depleted and they need to find replacement resources.
The example cited below is the Midas mine that Waterton took over from Newmont recently, with depleted resources but in an area famous for gold, not profitable enough for Newmont. They need geologists and efficiency experts to produce what is left at low cost and find new resources in the locale where resources are very likely. Where do you look for new mines? Where old mines are. Tyhee is in the market for projects like these, excellent opportunities available for low price but with production, and the lower the price of gold the better for Tyhee as they acquire and operate. Ike
http://ceo.ca/nem-newmont-sells-another-mine-to-waterton-global/