Index (August 30, 1999)
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News
Curragh successor launches suit against Alpha investors
A group of investors that won a 24% stake in the Kassandra property in northern Greece in a 1998 suit for breach of fiduciary duty now finds itself caught between the defendant, TVX Gold (TVX-T), and …
COMMENTARY – Fiat money must be abolished
Almost all bank profits are unearned and result from fiat money. What services do commercial banks in the U.S. provide that add value to people’s lives? For the most part, they provide cheque clearing…
LETTER TO THE EDITOR — Geostats provide one piece of estimation puzzle
This discussion is written as a continuation of the ongoing debate of resource estimation and, in particular, geostatistics.I take issue with the endless commentary, arguments and opinion about the va…
Exchange Rates (August 30, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 24Aug. 23Aug. 20Aug. 19Aug. 18…
Committee to devise exploration guidelines
The Toronto Stock Exchange (TSE) and three national mining groups will forge guidelines related to exploration reporting and best practices, as recommended in a report released earlier this year by th…
NEW HORIZONS — Goldeneye
It seems more like an episode of The Six Million Dollar Man than real life, but doctors have been working on artificial eyes that could one day restore sight to people with certain types of blindness….
Rubicon hits sulphides
Rubicon Minerals (RMX-V) has intersected sulphide mineralization at its Palmer base metal project near Haines, Alaska.The discovery was made in a previously unexplored region, about 600 ft.from the Li…
PolyMet chooses process
PolyMet Mining (POM-V) will use pressure oxidation to process ore from the NorthMet polymetallic deposit in northeastern Minnesota.Pressure oxidation was selected over a hybrid process that combines b…
Producer and Dealer Prices (August 30, 1999)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.00/lb.Copper: Comex Sept. US$0.7555/lb.Indium: Ind…
Alta shuts down Olinghouse
Pending resolution of bankruptcy proceedings, Alta Gold (ALTAQ-O) has suspended mining at the Olinghouse gold mine, 30 miles east of Reno, Nev.The company hopes to avoid bankruptcy by selling a 40% in…
INVESTMENT COMMENTARY — Great Basin seen as classic ‘drill-hole trading play’
It has been said that only two things drive the Vancouver Stock Exchange’s resource market: the price of gold and hot drill results. With the price of gold in the dumper, junior companies not only hav…