Mining Boom May Be In Store For Upper Michigan
February 2009 by John FlesherCompanies are exploring at least 14 areas in Michigan’s vast Upper Peninsula for possible mine development. The activity suggests the potential revival of an industry that defined the region’s economy and culture for more than a century—beginning in the mid-1800s—before gradually fading because of higher operating costs and competition.
Just about all of us have heard the term “Wild and Scenic Rivers,” and we’ve likely been on one or several of them in our prospecting ventures. More than once someone has said to me “...but that’s a wild and scenic river.” My first question has always been, “What part of the system is it? Is it classified wild, scenic or recreational?”
The US attorney’s office indicted Diana Flaherty, of Las Vegas, and Michael Gardiner, of San Diego, in connection with a securities fraud scheme. According the indictment, Flaherty, and her husband Robert (now deceased), had managed Phoenix Metals USA II. Gardiner is identified as a company shareholder.
Much of the past 12 months, both in America and around the world, has been devoted to discussions of Keynesianism versus the Austrian School of economics; of the value versus risks of “Quantitative Easing,” of free markets versus government-dominated markets; and of the right of government to accede to unlimited demands on her resources, no matter the cost.
The one legal entity that can change the game and provide a path and template to protect landowners and public land users across the United States is the miner.
A quartz piece was rolled over and there it was, staring right at us—beautiful, coarse gold coming right out of the quartz rock. It was almost the size of a softball, and it looked like over one quarter of it had gold throughout!
There still remains some material in place along the lode that could be mined at high gold and silver prices.
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