John Fremont and the Gold Mines of Las Mariposas
August 2008 by Chris RalphJohn Frémont was a man whose luck regularly swung from one extreme to another. At times he seemed to be the luckiest man on earth, yet he sometimes made bad decisions that got him into a considerable amount of trouble.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
Any ore grading 32% silver would contain more than 9,000 ounces of silver per ton and be valued at something in the range of $150,000 per ton. Even a few tons of this type of material would be well worth shipping off to a smelter for treatment.
I must admit to taking some degree of pleasure in anticipating the excuse-making which will probably come out of the "Global Warming" camp to explain away a truly startling announcement.
The state of Alaska is huge, over twice the size of Texas, with most of the population in just a few towns. The northern third of the state is north of the Arctic Circle, and vast regions are only sparsely populated.
We know we lack critical minerals. We know the causes. We know the need. We have the knowledge we need right now. Why can’t we just take action and fix the problem?
A retired gold prospector spent hours digging up his fortune in the northern goldfields near Kambalda, Western Australia, after finding the target with his metal detector.
The Bawl Mill • Ask The Experts—What questions should I ask before investing in a gold mine? • Ask The Experts—Should I choose gold, silver or mining stocks? • From the Editor • Eight Reasons To Release Oil From The Strategic Petroleum Reserve • No Leprechaun Needed • Building A Mine—Dust Devil Sunstones • Remote Throttle Benefits Dredgers • Pickering Bar Revisited • The Pay Streak: Redefined With Metal Detectors • No Gas Needed • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices