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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@dirkdigglersome are real duds @drilltracker. 2nd-raters who refuse to fly the minute the weather turns to crap. I went through literally dozens of pilots in my career. Only found 3 that I could work with.
@drilltrackerBRIC were my first stock trade when I was in university. I had bought 50 at $5.00 (not sure why?) on top of my 5 free shares. Sold for $5.65 the one day they went up for some reason. Probably never saw that price again. Jim Patterson ended up buying back the BRIC shares in 1997 after a 125:1 roll back.
@drilltracker@Evenprime...One of the simplest ways to explain #downplunge is to take two pieces of paper representing fault zones that intersect at 90 degree angles. The line the two pieces of paper meet is the plunge line. In many gold deposits ore bodies occur on the intersection of two faults. This is due to the increased ability for fluid flow along the fault and the mixing of different hydro-thermal solutions that allow the gold to come out of solution. If a drill hole drills right down that line they have drilled down plunge. http://etc.usf.edu/clipart/42100/42127/planelines_42127.htm
@drilltracker$SBB is a good example of why people like me have gray hair. In 2010 when I visited Sabina's Hacket River property for the second time and Back River for the first time, they were on fire, rising from $2.00 to $7.60. Long time shareholders that bought then and then got slammed in 2011-2015 are not quite as happy with the current $1.80 share price. Always loved the project and it gets better every cycle but how many cycles does it take to put a remote deposit into production? The project has had more than 30 years of drilling with Esso, Homestake, Kinross and Miramar all taking a kick at the can before Sabina came along and added some new zones.
@drilltracker$ola As a long suffering shareholder of $G, another losing acquisition from the heady days of the last gold boom. Paid $238m and sold for $35m. Many of these low grade Mexican deposits were sold on the hope the deeper suplhide ore would be easier. Perhaps turning out not to be the case. Good for Marc and Hans. Plan to increase oxide resource them pass it on again? Not sure how much attention $G has given the project since 2009. BTW. This was one of several deposits discovered by the prospecting A team that worked with Silver Standard - names escape me?
@bmonaghan@drilltracker re $ola the prospectors behind Camino Rojo were Perry Durning and Bud Hillemeyer. They were awarded the Thayer Lindsley Award in 2010 for their multiple grassroots discoveries in Mexico. Great men and first class prospectors!
@drilltracker@RocketRed$FPX It clearly is an "IF". From my understanding, on a bench scale the separation process is not that complicated and similar to processing iron ore. Cliff was well on their way to designing a process when they literally fell off a cliff due to other iron ore development projects and went bankrupt. The big question is why another major with an R&D budget has not come in to replace them. I am not a shareholder but have known some of the past management for some time and wish them well for trying to work outside of the box. #index
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@drilltrackerBreasa (Bre-x parent) was in Casi Berardi belt in 1987. I know because I did a horizontal loop EM survey on the property in 40 below.
@drilltrackerBresea Resources Ltd News Release Mr. David Walsh reports...BSR 1986Under the terms of the joint venture agreement as outlined in the 1985
annual report Bresea's interest in the 324 claim block in Desmazures
and Cavalier townships in the area of northwestern Quebec known as the
Casa Berardi gold camp