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Message: Smart Lori

let me show you just how smart Lori is. The year is 1997. A young stockbroker and her husband decide to branch out on there own and form a Jr. mining company, St. Elias Mines. This in it's self is not that unusual but keep in mind what was happening in the years 1997 to 2000.

Gold prices were falling of the face of the earth (bottomed I think at $270 a oz), Jr. mining companies were going broke, mines were closing, not by all appearance as an idea time to get into the mining business. Remember however what the investing guru Sir John Templeton said "buy when ever one is selling, and sell when everyone is buying" And thats exactly what Lori did. At the bottom of the last resource cycle she started buying up mining claims, the cream of the crop and now I believe she is close to selling one, if not more at the top of the mining cycle.

What makes this story even more extra ordinary is that at this time ALL the hot money was flowing into Tech stocks. The NASDAQ was on the rise and climbed 400% in 3 short years. Now as I understand it, Lori had made a killing in Diamond Fields resources,(yes she was rich before SLI) and was looking for a place to reinvest some of the money. So instead of jumping on the Tech bandwagon, which would of been so easy to do, she looked long term and decided the best sector to invest long term wealth creation was the Gold mining sector.

So if this is the type of CEO you want leading your company, Lori's the man. (oh sorry I mean woman)

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Feb 05, 2012 07:53PM
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