Mining Companies Use Conservative Valuations
January 2005 by Associated PressGold mining companies are being conservative in asset valuations despite recent spikes in gold prices in terms of US dollars, according to a survey by PricewaterhouseCoopers.
“The biggest nugget you’ll ever find is in a spot that many have walked over for years.” I’m not sure who told me that, but the more I think about that statement, the more it makes sense.
It’s really a kick to watch a boulder weighing several tons moving out of your dredge hole and onto the cobble pile being pulled by a cable attached to your portable winch.
Joe Williams needs six trips with his faithful wheelbarrow to haul his "back-pack" dredge and camping supplies down into the South Yuba River canyon at the start of each dredging season. The nearest spot to leave his vehicle lies about four miles and, during the hot summers, a canteen of water away. Still, he's been doing it for about fifteen seasons since the 1970s.
Platinum has run to record highs this year, but it’s not a rush of demand for wedding bands that has boosted prices. It’s diesel.
Any illusions that the world had become a safer place were certainly put into serious doubt by events over the past few weeks. During that time we have seen a major Israeli incursion into Gaza in retaliation for Hamas attacks on Israel, huge public demonstrations and accusations of fraud regarding the recent election in Mexico and, most recently, terrorist bombings in Mumbai (Bombay), India, which killed about two hundred people and seriously disrupted India’s financial center.
The one he’s rolling around in his fingers is nice—5.23 carats, nearly the size of a marble, pure and white. But the diamond that Alphonse Ngoyi Kasanji is talking about is the big one—the one that got taken away.
The Bawl Mill • Convention Report • Interview with Congressman Gibbons on Mining Law Reform • The Art of Finding Coarse Gold Part II—Pocket Hunting for Residual Placers • Gold Canyon Resources Targets Gallium • Tucson Mountain Chaos • Picks & Pans: Auburn Ravine Gold • Suit Filed to Stop Mining in Northern California • Niobium and Tantalum • The Iola Mine Group, Montgomery County, North Carolina • Effectively Using a Detector and Drywasher for Placer Gold • Company Notes • Accident at Robinson Mine Leaves Two Dead • Looking Back • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices