“Alaska’s Secret Gold Mine: Biggest Gold Discovery of last 20 years”

By Travis Johnson, Stock Gumshoe, March 18, 2009

So … if you’re breathing, and you can read, and you’ve ever subscribed to any investment service or resource of any kind, you’ve probably seen this ad. My readers have wildly varying opinions of Stansberry & Associates and their newsletters, but one thing is certain: They know how to get the word out.

And the word, this time, is a teaser about a huge new gold discovery — aptly timed, with gold up here around $900 and many investors still manic for gold coins in the great “flight to safety.”

But it’s not just a gold discovery, it’s a gold discovery in the United States — so no worrying about South American arm-twisting, Russian government “partners”, or South African mines gone dark for lack of electricity. Of course, plenty of worry still about NIMBYs, and complaints about the environmental devastation that gold mining can bring, and other complications, I’m sure … but still, let’s see if we can figure this out.

The ad is for Matt Badiali’s S&A Oil Report (which, despite the name, seems to be their general “all commodities” newsletter now — I think they used to have an “S&A Gold Report” too, but it must not have been very popular). Matt says he offers “The world’s best–kept mining secrets—REVEALED,” and it will cost you about $50 a year. I don’t much care whether you wish to subscribe or not (you can see the opinions of a couple subscribers here, if you’re interested, or add your own if you’ve tried the service), but don’t subscribe just to find the name of this “secret Alaska gold mine” — for that, you’ve got your friendly neighborhood Stock Gumshoe on the case …

So what is the teaser today? Well, we know it’s a gold discovery in Alaska. Badiali throws in a nice quote at the top to get us excited:

“Mining journalist Mary Pemberton says, ‘the value of the minerals are worth hundreds of billions of dollars if they’re mined'”

Not bad! Except as far as I can tell, Mary Pemberton isn’t a mining journalist so much as she is an AP reporter in Alaska — she covers mining sometimes, but at the moment she’s covering the Iditarod, and last year she wrote plenty about Sarah Palin and Ted Stevens. And she really broke open the Snowzilla story for us lower 48 folks. Doesn’t mean a generalist reporter can’t impart the facts about a mine, of course … so what else do we hear?

“On October 13, 2007 this small firm published the results from its exploration in an area known as ‘Bristol Bay.’

“The results: This deposit holds 39 MILLION ounces of gold… absolutely huge in the mining business.

“To put that into perspective, that would make it the single largest gold deposit in America today, far exceeding the two largest existing mines – the Carlin and Goldstrike gold mines of Nevada. ”

OK, so that’s a whole mess of gold. And yes, if 39 million ounces were somehow to be removed from that mine, it would be worth, well 39 million times $900, carry the one, OK, I don’t want to complain, but it looks to me like that’s only $35 billion. Where’s my hundreds of billions?

So if we’re willing to settle for $35 billion, what is it we’re looking for?

We get some more clues:

“* The mining industry’s leading audit firm, Scott Wilson Roscoe Postle Associates Inc., has independently reviewed and verified the drill results.

“* The value of the deposit has also been independently verified at more than $300 BILLION (at today’s prices). That means even if it earns just 2% profits, this company’s value could grow by a factor of 13… or a potential 1,300% increase in the current share price. [Gumshoe note: really? Did I do my math wrong? Gold is less than a thousand bucks an ounce, right? And a billion is a thousand millions … why is this deposit worth almost $10,000 an ounce?)

“* Three of the world’s top 10 gold producers have signed partnership deals with this small mining firm.”

OK, so just to keep you from pulling your hair out, those “hundreds of billions” and $300 billion numbers are for all the minerals estimated to be in this potential resource, not just the gold. So we can toss that out for the moment. What else do we learn?

“just a few months ago – on December 4, 2008 this small firm completed a second round of drill holes.

“And it’s these new results that are causing the industry to ‘sit up and take notice.’

“The updated results: This deposit actually holds more than 94 MILLION ounces of gold.”

OK, so we’re getting closer to $100 billion just on the gold value … not that it’s worth more than a tiny fraction of that while it’s sitting underground, of course.

Other clues?

This resource is situated just outside a major city.

And that’s probably enough to put you out of your misery, so let’s feed this into the Thinkolator … this company is …

Northern Dynasty Minerals (NAK in New York, NDM in Toronto)

Their planned big Alaska mine is to be developed by the “Pebble Partnership,” which is jointly owned by Northern Dynasty and Anglo American (AAUK). It’s generally been described as a copper mine, not a gold mine, but that designation might well flip back and forth depending on which metal is performing better. It is a major “copper-gold porphyry system,” with reserves of 94 million ounces of gold, as teased, but also 72 million pounds of copper and 4.8 million pounds of molybdenum.

The site is about 200 miles from Anchorage, and near a couple villages, and some folks there seem quite worried about salmon being nearby … it’s apparently close enough to the headwaters that serve the Bristol Bay fishery that there is substantial concern, at least among environmentalists and fishermen.

They’re in pre-permitting now, according to the company’s website, and it looks like they’re working with a really massive environmental study of the area. Probably a good thing, given the fact that it’s near an important fishery and includes a lot of, you know, nature and stuff. This is still very much an exploratory project, though they have already identified those massive reserves and done a lot of drilling to define the potential. They now say that they’ll be completing a “prefeasibility study” in 2010, and initiating permitting then after reporting to stakeholders, with the goal of permitting in 2013 and production in 2016. So we’re a ways from actual earnings or anything of the sort unless Northern Dynasty sells off more of their rights, and it seems, from an outsiders perspective, like they’ve intentionally tapped on the brakes for mine development in order to beef up the environmental study and PR campaign to get buy-in from Alaskans. If you want to see the updated reserves, and view the PR film and the timeline, they’ve got a pretty good corporate website with all that info here.

I won’t wade into the debate that Alaskans are undoubtedly having about this project, except to say that there does seem to be a debate — Mary Pemberton has written several articles about this project, including one here about jewelers opposing it on environmental grounds, and one here (the one that Badiali quotes) that’s a broader look at the project but also mentions the possible environmental impact. That second article, by the way, is only about 18 months old, and it tells us that they had planned to be done with permitting by now and into mining in 2009, which just goes to show you how quickly timelines can change for mining companies.

For more on the environmentalists side you could visit any number of sites, but here are a couple: a blog from an Alaskan environmental writer, and the website of what appears to be one of the main opponent groups, and the local news and Anchorage newspaper both cover this quite frequently. Whether or not you have an opinion on the environmental issues, it helps to know that there is a debate, and what it’s about.

According to Anglo American, “if the mine cannot be planned in a way that provides proper protections, it will not be built” … but then again, they are putting billions of dollars into this, so it could be just PR talk, I have no idea.

Badiali goes on in some detail to talk about why this stock, which does not have permits yet, will be the same kind of huge winner as other big gold mines would have been if you had invested in their owners before they got mining permits (Goldstrike, the Carlin Trend, etc., which helped to turn their miners into huge companies) …

“The multi–million dollar question: How do we know the permits will get approved?

“I have about 250 pages of research and reports sitting in my office, which I’d like to show you, regarding this massive gold deposit.

“All the research I’ve done over the past 8 months leads me to believe the State of Alaska will, in fact, issue the necessary permits.

“And the #1 reason I believe this is an absolute slam–dunk: Alaska has NEVER turned down a mining permit.”

I’ll assume that he’s right about that — I certainly know less about mining than he does, and I don’t know of any mining permits that have been rejected in Alaska … but of course, that doesn’t guarantee success with the next mine, or mean that environmental concerns couldn’t bring the dispute to the courts and derail mines that have been permitted, this is all pretty far outside my area of expertise.

There was an interesting article a couple weeks ago about regulatory changes and their impact on mine waste rules in Alaska under Bush’s EPA, and we might read into that what could happen under a potentially less mining-friendly EPA. Here’s the article, you can draw your own conclusions (it also has some general info about the “new gold rush” in Alaska, FYI).

And with such a large potential mine, it’s no surprise that there are plenty of folks in the investing punditry world who are interested — Peter Grandich has written about them many times, and it’s been covered by seekingalpha bloggers from time to time, just to note a couple resources for you.

So … this is a truly huge gold and copper resource, with potential for a very long-lived mine, and probably plenty of controversy to go along with it. I don’t know what might happen to this stock in the next ten years or so as they try to develop the site and begin mining, or what might happen to commodity prices that could alter the project, but if you’ve got some ideas, well, feel free to share them below.


Related Gumshoe Articles

Leave a Reply

65 Comments on "“Alaska’s Secret Gold Mine: Biggest Gold Discovery of last 20 years”"

avatar

Dave Brice
Guest
0
Dave Brice
March 18, 2009 11:37 am
This is not a new gold discovery. This was discovered in the 90’s, nothing new, what a laugh. The Bristal area is to important of a fish area meaning Salmon. This mine will destroy the area it is so large but, money talks and by giving big royaly checks to local residents and shutting up the inviromentalists, the mine will likely go ahead on a smaller scale at first and within two or so years, will expand because the excuse will be that we are already mining. Further, for a state that has no income tax to residents, the state… Read more »
Barton McClaine
Guest
0
Barton McClaine
March 18, 2009 11:40 am

Please let me thank you for the laughs and information I get every day form you.

Jim Cramer should take notice.

Regards,

Dave

Doug
Guest
0
Doug
March 18, 2009 11:41 am

this one looks positive, take a nibble. /d.

Mr. Ed
Guest
0
Mr. Ed
March 18, 2009 12:10 pm

I think that it is to early to “invest” here, but you might be able to play a run-up on the gold frenzy going on. I’m putting this on hold for a year or two…or at least follow it.
By the way..there is no infrastructure in place that I can find, so it will be quite a while.
I own TIREX for the same reasons written about, but it can be mined very quickly…not spam, just fact for reference. And I’m in it like a Popeil Ronco Rotisserie…”set (buy) it and forget it!”

Dave Brice
Guest
0
Dave Brice
March 18, 2009 12:10 pm

Before anyone takes a dip in this one, go to this website, I’d think twice.

http://www.renewableresourcescoalition.org/pebble_mine_news.htm

Dave Brice
Guest
0
Dave Brice
March 18, 2009 12:41 pm
To Mr Eds comment. There are no direct roads to Bristal Bay, no deep sea port, how on earth can you keep a bay/port open during the winter ice up? Anyway, when invested in the Red Dog Mine in the early years, that remote site became a mine regurdless of its location, so the same for Bristal. There is always a way just like when I invested in the Diamond mines of the NWT’s in Canada in the early days and most people thought I was nuts. Well, guess what, mining diamonds in the north, ice roads are the norm… Read more »
Bruce Bardes
Guest
0
March 18, 2009 1:23 pm
There’s this mine in Climax, Colorado. It’s the world’s largest deposit of molybdenum (Mo). But it’s closed, because it’s cheaper to obtain Mo as a byproduct of mining copper (Cu) from mines in northern Chile. The need for Mo won’t go away any time soon (as an alloying element in steel, and in high temperature alloys used in jet engines, and the like), but the price of Mo will go up and down like a yo-yo, depending on how much Cu the Chilean government is producing. Betcha that a Pebble mine will have to maintain their own stockpile of Mo,… Read more »
SageNot
Guest
0
SageNot
March 18, 2009 1:33 pm

http://finance.yahoo.com/q/ta?s=NAK&t=2y&l=on&z=m&q=l&p=m50,m200&a=m26-12-9&c=

Let me stick my 17″ neck out & say that Matt Badiali’s S&A Oil Report has sprung a leak by about 2, maybe 3mos. if not longer. Producing mines aren’t making the % gains that NAK has made since it bottomed last year.

As usual, the Stansberry copywriters are hard at work, some might have made a few coins leaking this supposed expose. It happens & often.

Good find Travis, to think that Matt Badiali only charges $49.50/yr has to tell yah something, or am I past my prime?

The Mayor
Guest
0
The Mayor
March 18, 2009 1:50 pm

This should have been stocked when it was $2 dollars a share 5 months ago…..now it’s over $6…….$2 looks good….$6 DOESN’T……..and Dave…it’s ENVIRO………….

Cool Soupy
Guest
0
Cool Soupy
March 18, 2009 2:03 pm

Wanna buy a bridge?

Flyfisher
Guest
0
Flyfisher
March 18, 2009 3:14 pm
Northern Dynasty (NAK) has a hoard of cash ($40 million) and little expense while its partner, Anglo, must spend $1.5 billion on the Pebble project to earn its 50%. Compare NAK’s known gold resources with the values of other non-producing properties: Orezone Resources $57/oz; Seabridge Gold $26/oz; NAK $9.55 (exclusive of the value of the copper or moly). Iamgold recently purchased Orezone for $57/resource oz. NAK’s 2 largest shareholders are Rio Tinto (19.8%) and Mitsubishi (11%) and they paid an average price of $10/share. NAK’s stated goal is to sell itself to a major mining company. What kind of price… Read more »
Dusty
Guest
0
Dusty
March 18, 2009 6:53 pm
Spelling disaster, good commentary. At the top of the screen, if using a Microsoft Browser, is a little green check mark with a tiny “ABC” on top of it. Click on the check mark; a box forms around the check and the “stop” and the little ‘down’ arrow to the right; click on the ‘down’ arrow, then click “auto fix.” Finally, click “stop.” Sometimes the automatic spelling corrections generate other problems, but overall it is best to give it a shot. FWIW, it took a while for me to find this current spell corrector. The symbols and procedure change from… Read more »
John
Guest
0
John
March 18, 2009 6:59 pm

The Pebble deposit is a giant, but copper and gold grades are on the low side. However, with resonable gold and copper prices, it will be a viable mine. Logistics are not bad by Alaskan standards and the size of the mine will support the development of infrastructure. The main risk is that development will be stopped due to environmental concerns. I own this stock and consider it a speculative investment. The risks are high but the potential reward more than justifies the risk imho.

ponce
Guest
0
ponce
March 18, 2009 8:43 pm

NAK is in my watch list since 2006 when Mr. Summers touted it before he left S&A. Other than the partnership with AAUK in 2007 and subsequent investments by Mitsubishi and Rio T. not much has happened like feasibility report. The recent uptick must be driven by the new S&A subscribers. I am still on hold. Current gold producers like SIOGF and Jinshan in China has better value I think. I look at AAUK and yes they are all over the world with $20B CAP but show no earnings. What is up with that?

jake
Guest
0
jake
March 18, 2009 11:08 pm
Alaskans, and more to the point, commercial fishermen are worried about the environmental impact of a mine on the Bristol Bay fisheries where every summer there is the largest run of red salmon in the world. Mine owners have paid for an environmental impact statement showing a mine would have negligible impact on the fisheries. However, natives know that it takes just one slurry pond of arsenic to give way, and the salmon runs are a thing of the past. The southeast fisheries were as profitable, with a catch as large as Bristol Bay until mining and logging in the… Read more »
Flyfisher
Guest
0
Flyfisher
March 19, 2009 9:22 am

Northern Dynasty posted a new press release today (3-19-09). Interesting info on Pebble Partnership, particularly leadership of CEO and VP of Enviornment, which have played major bureaucratic roles in Alaska.

Dave Brice
Guest
0
Dave Brice
March 19, 2009 10:48 am

There you go, I rarely use spell checker when bloging and misspelled enviro. Writing a personal letter or forwarding reports is another thing. If you think thats bad, my yougest 17 year daughter emails to her friends are another languge on its own from another planet.

David
Guest
0
David
March 19, 2009 7:09 pm

I live in AK…about 120 miles form Anchorage….the Pebble project is very iffy. I am pro-development…but there are huge environmental concerns that even have me worried. We shall see how permitting goes….don’t bet the farm on this one…if it’s a go you will make some money…if not, be ready to lose most of your money. I do not own stock yet.

caren
Guest
0
caren
March 19, 2009 7:16 pm

hi i am an investor of iran please help me for invest on your business

C. B. Stewart
Guest
0
C. B. Stewart
March 20, 2009 8:05 am
Yes, the Pebble deposit is vast but it is low grade. One should remember why Rio Algom sold it in the first place. Effectively, they gave up looking for a section large and rich enough to justify the capex of all the infrastructure needed to start mining with a reasonable payback period. If memory serves, Hunter Dickinson eventually bought the property about 9 years ago for c. C$30 million, and subsequently a number of companies have been floated on the back of having certain earn in rights etc. Northern Dynasty appears to be controlled by Hunter Dickinson. Maybe they’ve found… Read more »
Timo
Guest
0
Timo
April 21, 2009 5:32 pm

Hey, I am really interested in this discorey, I made research about it and found this company ( Hemis Corporation). Please if you have any more information about either this company or the Northern Dynasty Minerals please contact me on, tamim_attar@hotmail.com

jim turano
Guest
0
jim turano
April 22, 2009 10:15 am
Biggest Gold find in Alaska, and bigger than Nevada’s gold mine of Barrick? But since its so spectacular a find, and no one knows about yet, all you have to do is pay one years subscription price of $50 dollars to get the name. With all the technology we have today, it would be easy to find out the name very simply for free. The catch is the permits, and when and if it produces. Otherwise this is a typical Hype Stock situation that is not new on Wall street, and the only ones who jump at this immediately are… Read more »
JT
Guest
0
JT
April 22, 2009 11:51 am
I am a 33 year veteran of the mining industry. This deposit is pretty typical of the copper porphyries that contain such large quantities of metal, they usually comprise vast tonnages with modest grades. The first sign that a deposit falls into this catagory is when the promoters always quote the amount of contained metal and never quote the in-situ grades which is the case with NAK and the Pebble Partnership. When you drill down, pardon the pun, to get at the underlying actual data you find that the grades are indeed modest to low. At say a 0.4% copper… Read more »
M. Elizabeth Theron
Guest
0
April 28, 2009 1:37 pm

Thanks for your wonder insights every day, Gumshoe. You seem to be extremely knowledgeable and on top of that, you know how to write! Always a pleasure to read your aricles… Pity I cannot say the same about the people who reply or participate in the discussions. About one out of five seem to have a literacy level of above Gr. 6. One may hope they know more about stocks than about the English language – that is to say, the grammar and spelling of our poor language.

SageNot
Guest
0
SageNot
May 29, 2009 10:27 am
Helena
Guest
0
Helena
May 29, 2009 10:28 am

I agree that this would have been a great buy at $2 when it was undervalued, but now it’s over $8? Mining and drilling operations are so precarious. I’ve put it on my watchlist, but the risk, to me, seems to outweigh the potential reward.

Jim
Guest
0
Jim
May 29, 2009 10:35 am

Just wanted to point out that the x-vessel value of the Bristol Bay Fishery in 2008 was approximately $113,000,000. There is more than just “greenies” at stake here.

Dave
Guest
0
Dave
May 29, 2009 11:23 am
Until a full feasibility study is done (likely 2 years away still), I would not touch this, especially at $8. Probably not at $2.00. There are much better places to put your money in a producing gold stock like NXG or GSS that is around $2. Disclosure: I own both of these stocks along with several other miners like AUY, HL, NG, MFN, SSRI and EGI. Obviously, I think the $1 stock of EGI is a better buy right now compared to NAK. And Rio Tinto owns a huge amount of EGI, so they likely agree with me. And there… Read more »
Dusty
Guest
0
Dusty
May 29, 2009 1:56 pm
With reference to commentary about misspellings and strange grammar, it took me a long time to realize that some of the respondents to these forums speak languages we cannot name that are written with alphabets we cannot even imagine. Then consider that since English is my native language and if I want I can do it very well, I use the ‘Spell Check’ and finally (usually) correct the spell check for the strange things it often does like missing many misspellings or changing words to something not even close to the intent. Those strange things vary also depending upon if… Read more »
Charles Bruce
Guest
0
Charles Bruce
July 2, 2009 4:50 pm

This is for Gumshoe:

I want to congratulate you for not just hinting at a stock but giving the name and details. I am sick to death of Agora and a dozen other publications who highline..”click here for the details on the best gold stock” (or whatever other stock they are promoting). When you do so, there is a long discourse about the qualifications of some “expert” who, for a nominal amount, will give you the inside scoop in return for subscribing to his newsletter. Thanks for your great service.

Jenae
Guest
0
Jenae
July 4, 2009 5:01 pm

I still think you have the wrong mine, check out Tower Hill… THM

jeff
Guest
0
jeff
July 6, 2009 12:37 am

I believe its Tower Hill Mine as well. In the original email it says near Anchorage. If you google a few phrases in that same original email, you can get quotes from the Anchorage Daily Times… and that Mine is Tower Hill — THM… ???
Am I missing something?

Trade
Guest
0
Trade
July 9, 2009 8:56 am
riopiccolo
Guest
0
July 12, 2009 12:25 am

what about shandong gold
?
is any one can mail me information about this company?
regards
rio

Niko
Guest
0
July 12, 2009 10:22 am

Hi,

Looks like a similar letter pumping up a 10.1 million oz find, the one you mentioned above seems to far outweigh that. Like Osisko, Suliden or Doest Terrane.

Regards

Polar40
Guest
0
Polar40
July 16, 2009 8:11 pm
I am a hard rock geologist and after reading all about this deposit, I would say even if this is a very rich deposit of copper, gold, silver and molybdenum, it should never be mined. The planned gold leaching method uses very poisonous cyanide with acid. The area is low lying with high water table and prone to earthquakes. Even the best methods of sludge containment are high risk and will destroy the salman spawning grounds for eternity. These are the best salman fishing areas and the source of food for local people for generations. Destroying their source of food… Read more »
Smokin' Joe
Guest
0
July 29, 2009 1:44 am

I’m an Alaskan gold miner as was my grandfather. I’ve never read so much crap and misinformation and lies in all my life. By the way it’s salmon, not salman you phony.

dave
Guest
0
dave
August 25, 2009 1:02 pm

yes, you did do the math wrong. 94 million oz. of gold at $900.00/oz would be $846,000,000,000

Harris S.
Guest
0
Harris S.
August 31, 2009 4:25 pm

if you have a thousand million you have a billion, ergo: if you have 94 million times a thousand you have 94 billion.. You are using 900 per oz however so we must reduce that figure by 10% and we have only 84 billion point six. You would bankrupt oyur company if you paid ten times the correct price for the mine. Sorry, Pal but most people are not too good at arithmetic let alone math.

Steve Bell
Guest
0
Steve Bell
September 7, 2009 10:46 am
I love all the fuzzy math we Americans do. 94,000,000,000.00 at 1,000 an ounce in gold alone sounds about right to me. 94 billion is still a lot of money and is bigger than many of the largest U.S. corporations that sell stock in the markets. Well anyway this stock is worth taking a look at for future profits and who knows may be the next Barrick.Combined mineral extraction times three and that is where it begins to get interesting. Even if gold drops to 500.00 an ounce the other metals will be needed for world growth in the 21… Read more »
Kent J
Guest
0
Kent J
September 13, 2009 6:40 am
Let Alaskans run Alaska. That Obama can have any say in how they mine in their state is so sick it makes me… sick. Its time to return to talking about States Rights. Keep the fed out of anything we can do ourselves… we should. We can deal with our own mineral resources we can help our own poor we can feed our own children we can fcking TEACH our own children we can take care of our own health care we can handle killing our unborn babies (or NOT) we can deal with drug dealers we can deal with… Read more »
Eridad
Guest
0
Eridad
January 7, 2010 3:05 am

AU GOLD INVESTORS
Greetings,
We are looking for investors or gold buyer to partnership with us in our mine, we have more than 550kg of gold dust,bars for sale , if you are interested please contact us here for more information,(md.eridad70(AT)hotmail(DOT).com)

Best regards.

Ana
Guest
0
Ana
October 19, 2014 8:11 pm

So, 5 years later, was it a good idea for investment or not?

SageNot
Guest
0
SageNot
March 18, 2009 1:59 pm

HA! I stink at spelling, but the word is spelled environment, so Dave gets two demerits, but I forgive him because one day it w/b me getting corrected, right Travis?

Gravity Switch
Admin
11
March 18, 2009 2:02 pm
Thanks Sage … it could well be that this one was touted to his subscribers a few months ago, you never know if it’s a new idea that they use in their ads, or an existing one. I wouldn’t assume anything nefarious like a “leak”, though of course anything is possible — these little miners are so news driven that the interest of a few newsletters or even a positive newspaper story can drive them pretty wild for a few weeks or months. Even your little ‘ol Gumshoe’s somewhat skeptical attentions probably helped in today’s move up while the GDX… Read more »
Gravity Switch
Admin
11
March 18, 2009 2:09 pm

I’ve spent a fair bit of my life as an editor, and still revel absurdly in my elementary school spelling bee championship (6th grade, a dominant performance if I do say so myself) … but now that I write a few thousand words a day without an editor, I have abundant sympathy for anyone else’s errors and misspellings. As you all could attest, I make plenty of my own.

DHarouff
Guest
0
DHarouff
March 18, 2009 3:20 pm

My wife kids me over “eye kant spill worst a sheet”. Yes I can, bad enough that a spell checker gets confused.

denots
Member
9
denots
June 25, 2009 11:27 pm

>I’ve spent a fair bit of my life as an editor, and still revel absurdly in my elementary school spelling bee championship (6th grade, a dominant performance if I do say so myself)<

I’ll be durned—I won the spelling bee in the 3rd grade! I also still take great pride in that accomplishment of, um, 51 years ago.

SageNot
Guest
0
SageNot
May 29, 2009 11:25 am

It occured to me to check out Insider Trading, which Yahoo stinks at. So I tried MSN, No Dice!

http://moneycentral.msn.com/investor/invsub/insider/trans.asp?Symbol=NAK

Just go to the NAK Yahoo Board, Insider selling is all the rage, so why the lack of this info I wonder?

Volume & option activity isn’t boiling either.

Mahkel
Guest
0
Mahkel
May 29, 2009 12:19 pm

Elizabeth, methinks that the Gumshoe has quite a few folks from the “Old Country”, meaning Europe, amongst his readers. Krauts like me who never took proper English-lessons. Best to forgive them and be glad that they have some useful stuff to share with us; even if they don’t use spelshackerz. ;o)

jeff
Guest
0
May 29, 2009 12:52 pm

>>Krauts like me who never took proper English-lessons

Perhaps, but as an American of German (and other Old Country) heritage, I note that you are familiar with MacBeth, spelling “methinks,” correctly (a rare event), as one word.

Guten Tag!

ALHAJI SANI
Guest
0
February 4, 2010 3:57 pm
Dear Sir, I’ m Alhaji Sani from Bamako in Republic of Mali West Africa. Am contacting you on behalf of my Community which comprises of mainly local Gold miners to represent and as well look for a prospective buyer for the bulk of Gold mined locally in our Community. My Community in conjunction with the Village heads have in their possession this article (Gold Dust and) 1. 3000 Kg Gold Dust 2. 22 carat plus / purity 96.6% 3. $ 14.500 USD for one Kg. The Community as well with the Village heads have given me right to go into… Read more »
crzyruss
Guest
0
crzyruss
May 31, 2009 9:35 pm

with all these talks about mining companies, how come nobody is talking about the lil’ company in the state of Utah!!!???

Bill Strasburg
Guest
0
Bill Strasburg
June 20, 2009 7:40 pm

Kids nowadays…it’s like their parents never taught them how to spell or use proper grammar.

Charles Bruce
Guest
0
Charles Bruce
July 2, 2009 4:30 pm

Hi, Bruce:

I read your article re treatment of ores. I think that you made a mistake though. From the many mines I have worked in, the metallic mineral sought after is floated off and the unwanted waste rock goes to the sink and eventually to the tailings pond. A small but very important difference.

Ron Wloch
Guest
0
Ron Wloch
July 7, 2009 5:45 am

Re:Climax,CO mine;it is up and running. I hauled 46,000 Lbs of MOLY out,and my company hauled several more,on June 16h,2009.There was Quite a bit of truck traffic up and down the access road that morning,just FYI.

Gravity Switch
Admin
11
July 6, 2009 11:25 am
Int’l Tower Hill has a few mine sites throughout Alaska — their main one is near Fairbanks, not Anchorage, but don’t focus so much on the squishy terms in the ad like “near,” look at the actual details of the mine, including the numbers (39 million ounces), and the Pemberton quote, among many other clues that I didn’t even cite, and it’s clear to me that this is Northern Dynasty’s Pebble, near Bristol Bay and “near” Anchorage. From a quick look at the reserves announcements, Tower Hill’s Livengood looks like it’s got about 10% of the reserves of Pebble. Of… Read more »
Jeff
Guest
0
Jeff
July 7, 2009 11:37 pm

Thanks for clearin that up!

Steve
Guest
0
Steve
July 28, 2009 12:12 pm

I can assure you it is NAK, as I paid the $50 to find out. I should have came here instead and will from now on!

Olaf Olafsso
Guest
0
July 12, 2009 7:51 pm

I also own TIREX(and LYNAS), unfortunately the board on Yahoo is really dead and it would be great to have more people comment there.

ponce
Guest
0
ponce
July 17, 2009 1:27 am

Polar 40, you have a very good point. If it means disaster to local population and environment then it should not be mined. Is there a safer method to extract the metal?

ponce
Guest
0
ponce
July 31, 2009 11:47 pm

Perhaps you can enlighten us with truths about the Pebble project. Yes? We will listen. Thanks.

frank
Guest
0
frank
December 28, 2010 11:07 pm

If they plan on mining and making billions they should have above ground fisheries,a good water perification system for the waste and sludge that comes out of the mine! The mines should have lg filters to collect the dust ! If the mining companies spent a few billions dollars to make sure the salmon and local fishers don't lose any money or fish then what is a few billion to proctect the fish , wildlife, and air if they make 30 ,40 …billion! If no fish ,wildlife and air protection plan I say no to the mining!

gary imburg
Guest
0
gary imburg
September 21, 2009 11:13 pm

Hi Olaf,
Odd you too own Lynas.The good news is China, the biggest exporter of REE,is proposing to shut off the export of these precious but not rare earth elements. The two miners developing these mines are Lynas and Great Western Minerals,both listed stocks. Also a Chinese state owned corporation is attempting to own 51% of Lynas. If these events occur, the price of our stock could explode. I am hanging on for the ride. Gary

wpDiscuz