Melman on Gold & Silver
July 2000 by Leonard MelmanAs many long time readers know, one of my favorite sayings is the Asian expression, "May you live in interesting times." We sure do and if you didn't believe it before, just consider the latest word from the international markets.
The Steeple Rock Mining District is located in the northwest-trending Summit Mountains of southwest New Mexico, at an average elevation of 5,200 feet. The highest point in the mountains is Vanderbilt Peak, which rises to an elevation of 6,773 feet. The mountains receive about 12 inches of precipitation a year in the form of rain and occasional winter snow.
• $5.1 billion Postal (dis)Service loss...
• Stop the money flow...
• Doubly, even triply, irresponsible and unpatriotic...
Rotten rock (saprolite) can be found in all warm, humid regions, but is best developed in humid, subtropical climates, like that found in the American South. Outwardly, it looks like bedrock, but upon closer inspection, it can be seen that roots penetrate it and that it can be worked with a shovel or hydraulic monitor.
Gold was mined in the Council Region several years before it was known at Nome, and from this vicinity the prospectors set out and made the Nome placers familiar to the world.
“The evidence is clear—mineral deposits alone are not enough to attract precious commodity investment dollars...”
• Royal Gold, Inc.
• Placer Dome, Inc.
• Homestake Mining Company
• African Metals Corp.
• Vista Gold Corp.
- Taking (apart) the (solar) road less traveled...
- Fill'er up
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