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Gold heading for $5,000 ?

Good point. It does take a long time. To even get a mine from care and maitence operational again it can take a few years especially of parts of mine needs dewatering. The NIMBY brigade are everywhere in all countries. Many do not understand or care how much money can flow into the local communities from mining.

Crow
The business report basically stated that there's a lot of caution even opening up a previous mine.
This cycle of prices might not be sustainable by the time its done.

The time the wheels are greased it still takes too long here.
 
My investment in gold consists of a reservation for a revenue share in the RMS Republic cargo, currently on the bottom of the Atlantic. Recovery planned for next summer. We’ll see what happens.

Back in 2007 I managed to get a 2X return on Odyssey’s Black Swan recovery but only because I sold in the three-week interval between Odyssey’s announcement and Spain’s lawsuit. Pure luck.

Treasure hunting is the most entertaining way to invest in precious metals.
 
Good point. It does take a long time. To even get a mine from care and maitence operational again it can take a few years especially of parts of mine needs dewatering. The NIMBY brigade are everywhere in all countries. Many do not understand or care how much money can flow into the local communities from mining.

Crow
I actually had a cousin in NV that did that for years (hydrothermic engineer) at a gold mine. Huge operation in the middle of no where, digging out truckloads of gold bearing rock (invisible). Water was a huge issue and expense. But so was environmental concerns and the "end plan" for when operations ceased. Gotta clean up after yourself these days. It surprised me that such an expensive operation could be so profitable... even more so now I guess!
 
The NIMBY brigade are everywhere in all countries.

If you've watched any episode of "Gold Rush", that's sentiment is understandable. They're basically clearcutting anything that gets in their way and leaving a wasteland behind. Painful to watch if you're an environmentalist...
 
Good point. It does take a long time. To even get a mine from care and maitence operational again it can take a few years especially of parts of mine needs dewatering. The NIMBY brigade are everywhere in all countries. Many do not understand or care how much money can flow into the local communities from mining.

Crow
The history of modern day gold mining here in Victoria from the 1970s to now has been very negative on communities and the environment. So much so that many types have been virtually eliminated. I know you are talking about one type, hard rock. The worst ever here has been mining of old leads. Over and over companies worked them and claimed just breaking even when we know they made fortunes.
Here's a few examples. Maryborough large company worked Bluchers gully, found mega, claimed they went broke owing businesses in the town thousands upon thousands, leaving the area getting off scot free. Same company sets up in a different name, same crew, now they work a big lead in Amherst Daisy Hill. Same deal. Now under another name they work Amphitheatre, same deal. Then Moonambel. Same happened with other crews in Moliagul, Jones Creek, Dunolly, Tarnagulla. The other issue apart from ripping off the towns was that when the land is disturbed and stripped of the native vegetation other stuff takes over the area which under normal circumstances isn't a problem. Worst being what we call turkey bush, but im not sure that really is the correct name. It grows so thick that you can't even see through it and stops light getting to the good native stuff to grow. The area becomes overgrown with it and becomes useless. These areas are now useless for detecting as also they dozed into the ground all their rubbish. Beer and food cans, oil and filters anything and everything. Nearly all to worked areas outside the claim boundaries. So in response, and rightfully so, the govt changed the rules and imposed costs per tree removed in the thousands per tree and X amount must be spent on rejuvenation. This put a halt to virtually all of them.
Another result of it all was the creation of no go zones in the form of Nature conservation reserves, a handful they let us in, and national parks. Gold mining here has been its own worst enemy and the enemy of detectorists. Personally im glad they stopped it all. All you see now is mining on private land with deals struck between land owners and the crews doing it. Good riddance to them I say here.
I know there are some good legit hard rock crews, I have no issue with that type.
But overall gold mining in Victoria has had a huge negative effect on access to gold bearing areas and small country towns. So now communities view all types negatively here unfortunately.
 
The history of modern day gold mining here in Victoria from the 1970s to now has been very negative on communities and the environment. So much so that many types have been virtually eliminated. I know you are talking about one type, hard rock. The worst ever here has been mining of old leads. Over and over companies worked them and claimed just breaking even when we know they made fortunes.
Here's a few examples. Maryborough large company worked Bluchers gully, found mega, claimed they went broke owing businesses in the town thousands upon thousands, leaving the area getting off scot free. Same company sets up in a different name, same crew, now they work a big lead in Amherst Daisy Hill. Same deal. Now under another name they work Amphitheatre, same deal. Then Moonambel. Same happened with other crews in Moliagul, Jones Creek, Dunolly, Tarnagulla. The other issue apart from ripping off the towns was that when the land is disturbed and stripped of the native vegetation other stuff takes over the area which under normal circumstances isn't a problem. Worst being what we call turkey bush, but im not sure that really is the correct name. It grows so thick that you can't even see through it and stops light getting to the good native stuff to grow. The area becomes overgrown with it and becomes useless. These areas are now useless for detecting as also they dozed into the ground all their rubbish. Beer and food cans, oil and filters anything and everything. Nearly all to worked areas outside the claim boundaries. So in response, and rightfully so, the govt changed the rules and imposed costs per tree removed in the thousands per tree and X amount must be spent on rejuvenation. This put a halt to virtually all of them.
Another result of it all was the creation of no go zones in the form of Nature conservation reserves, a handful they let us in, and national parks. Gold mining here has been its own worst enemy and the enemy of detectorists. Personally im glad they stopped it all. All you see now is mining on private land with deals struck between land owners and the crews doing it. Good riddance to them I say here.
I know there are some good legit hard rock crews, I have no issue with that type.
But overall gold mining in Victoria has had a huge negative effect on access to gold bearing areas and small country towns. So now communities view all types negatively here unfortunately.
That is the problem of small scale mining companies they do not have economies of scale to rehabilitate mined areas. Policing them have been failure by the state governments. All they need to do file for bankruptcy and rebirth into another company. But it has been a problem not just in Victoria either but over the globe.

On the TV show gold rush most professional gold miners laugh at the show on how they portray mining show alluvial smash and grab mining. Most mines are vastly different. It the old days it was open slaver. Things are slowly changing. Today, rehabilitation proposals and plans are developed well before the commencement of construction of modern mines.

These plans are mandated by government regulators, the financiers of the mine, shareholders and stakeholders alike. In preparing these plans, the advice and skill of a large range of experts, including soil scientists, hydrologists, engineers, aquatic biology and water quality specialists are sought. I had a good conversation with an old mining engineer friend of mine. We had worked on projects all over the world. His son is engineer in company that does mine rehabilitation in 35 countries.

Where possible, mines are progressively rehabilitated throughout the mine life as opposed to only after mine closure. Generally speaking while some areas can be rehabilitated on a progressive basis while the mine is operating, others cannot be rehabilitated until mining is complete. Mining is complex beast these days that is why mining proposals take so long to develop.

Public perceptions of mining over all WORLD are based on wild cat mining companies doing the wrong thing. Sadly Victoria has long history of small mining operations, Tasmania too that has left a bad blood in local communities.

Mining directly impacts a small percentage of Australia's land, with figures from the Australian government showing it is about 0.09% or 6,970 sq. km However, the total land under mining tenements, which includes exploration and lease areas, is much larger and can affect a state like Western Australia where 17% of the land was under tenement in 2017-18. The impact can be far-reaching due to effects like pollution and habitat fragmentation, even beyond the immediate mine site.

By far the most damaging environmental impacts is from poor farm practices, Agriculture impacts slightly more than half of Australia's land, with around 55% to 58% of the total land area used for farming, which amounts to approximately 385 to 426 million hectares. Of this agricultural land, the vast majority, around 86%, is used for grazing, while a smaller portion is used for cropping and horticulture. tree clearly not allow enough green belts in past and poor management of streams. have not helped.

In comparison the USA Approximately 51% of the total land area in the U.S. is used for agriculture, which includes cropland, pasture, and range land. This percentage has decreased from 63% in 1949, but the U.S. remains a major agricultural producer.

Mining Estimates suggest the U.S. mining industry has disturbed approximately 8.4 million acres of land for surface mining, with coal mining alone accounting for around 5 million acres. However, the overall land with mining potential is much larger, with the Bureau of Land Management and U.S. Forest Service managing mineral resources on more than 640 million acres of public land, though much of it is withdrawn or restricted from development.

Mining ventures are now complex projects that is why they require hundreds of millions of dollars to develop. For most jurisdictions, each year, a Rehabilitation and Closure Plan is prepared to describe the proposed method of rehabilitation and closure of the site. The overall objective of this plan is: To ensure rehabilitation and closure of the site in such a manner that in the long term the site, and any structures on it, will remain stable; and any water discharging from the site, and any groundwater under the site, will be of a quality such that it will not adversely affect aquatic life, or other users of the water resource.

Such plans describe the proposed method of final rehabilitation and closure that would be carried out in the unlikely event that the site closed sooner than expected. It includes an assessment of any residual risk that the site could potentially pose to the environment and the neighbouring community should early closure occur. Sadly this can have a huge impact on on community's as it can rip the heart and soul out of communities. A lot of country mining towns suffer. In Australia Broken hill is classic example. Mt Isa my old stomping ground is going to be another. In The United states too many to mention whole mining towns struggle to reinvent themselves after mining.

Sadly mining communities all over the world The USA is full of them have suffered from the effects of mining and environmental impacts. Most modern mine operations are dictated by powers to be to include environmental rehabilitation of the mine site after mining.

Modern mines are required to have a programme of monitoring and maintenance that would be necessary at the closed site in the foreseeable future. Prior to opening a mine, most jurisdictions require the posting of bonds sufficient to cover the costs that would be incurred in carrying out the mine closure rehabilitation and monitoring work.

This is why it take years to develop a mine these day. its simply just digging a hole in ground. I have shares in company that actual rehabilitation of mine sites Stantec. With the increase of mining comes the increase of rehabilitation of mine sites.

Today the the requirement of society reflected by stakeholders, financiers, government and shareholders, in the form of the combination of the Rehabilitation and Closure Plan and the bonds, ensures that rehabilitation and closure of the site will occur under all circumstances, and that the costs associated with both the rehabilitation of the land and its long term management will be met, with no cost to the taxpayer.

That is for big mining companies and yet there of course exceptions that do wrong thing like all other industries. The stark reality if it was not for mining gold and other commodities we would not be tying away on my lap top or smart phone and all the luxuries we enjoy today.


Crow
 
That is the problem of small scale mining companies they do not have economies of scale to rehabilitate mined areas. Policing them have been failure by the state governments. All they need to do file for bankruptcy and rebirth into another company. But it has been a problem not just in Victoria either but over the globe.

On the TV show gold rush most professional gold miners laugh at the show on how they portray mining show alluvial smash and grab mining. Most mines are vastly different. It the old days it was open slaver. Things are slowly changing. Today, rehabilitation proposals and plans are developed well before the commencement of construction of modern mines.

These plans are mandated by government regulators, the financiers of the mine, shareholders and stakeholders alike. In preparing these plans, the advice and skill of a large range of experts, including soil scientists, hydrologists, engineers, aquatic biology and water quality specialists are sought. I had a good conversation with an old mining engineer friend of mine. We had worked on projects all over the world. His son is engineer in company that does mine rehabilitation in 35 countries.

Where possible, mines are progressively rehabilitated throughout the mine life as opposed to only after mine closure. Generally speaking while some areas can be rehabilitated on a progressive basis while the mine is operating, others cannot be rehabilitated until mining is complete. Mining is complex beast these days that is why mining proposals take so long to develop.

Public perceptions of mining over all WORLD are based on wild cat mining companies doing the wrong thing. Sadly Victoria has long history of small mining operations, Tasmania too that has left a bad blood in local communities.

Mining directly impacts a small percentage of Australia's land, with figures from the Australian government showing it is about 0.09% or 6,970 sq. km However, the total land under mining tenements, which includes exploration and lease areas, is much larger and can affect a state like Western Australia where 17% of the land was under tenement in 2017-18. The impact can be far-reaching due to effects like pollution and habitat fragmentation, even beyond the immediate mine site.

By far the most damaging environmental impacts is from poor farm practices, Agriculture impacts slightly more than half of Australia's land, with around 55% to 58% of the total land area used for farming, which amounts to approximately 385 to 426 million hectares. Of this agricultural land, the vast majority, around 86%, is used for grazing, while a smaller portion is used for cropping and horticulture. tree clearly not allow enough green belts in past and poor management of streams. have not helped.

In comparison the USA Approximately 51% of the total land area in the U.S. is used for agriculture, which includes cropland, pasture, and range land. This percentage has decreased from 63% in 1949, but the U.S. remains a major agricultural producer.

Mining Estimates suggest the U.S. mining industry has disturbed approximately 8.4 million acres of land for surface mining, with coal mining alone accounting for around 5 million acres. However, the overall land with mining potential is much larger, with the Bureau of Land Management and U.S. Forest Service managing mineral resources on more than 640 million acres of public land, though much of it is withdrawn or restricted from development.

Mining ventures are now complex projects that is why they require hundreds of millions of dollars to develop. For most jurisdictions, each year, a Rehabilitation and Closure Plan is prepared to describe the proposed method of rehabilitation and closure of the site. The overall objective of this plan is: To ensure rehabilitation and closure of the site in such a manner that in the long term the site, and any structures on it, will remain stable; and any water discharging from the site, and any groundwater under the site, will be of a quality such that it will not adversely affect aquatic life, or other users of the water resource.

Such plans describe the proposed method of final rehabilitation and closure that would be carried out in the unlikely event that the site closed sooner than expected. It includes an assessment of any residual risk that the site could potentially pose to the environment and the neighbouring community should early closure occur. Sadly this can have a huge impact on on community's as it can rip the heart and soul out of communities. A lot of country mining towns suffer. In Australia Broken hill is classic example. Mt Isa my old stomping ground is going to be another. In The United states too many to mention whole mining towns struggle to reinvent themselves after mining.

Sadly mining communities all over the world The USA is full of them have suffered from the effects of mining and environmental impacts. Most modern mine operations are dictated by powers to be to include environmental rehabilitation of the mine site after mining.

Modern mines are required to have a programme of monitoring and maintenance that would be necessary at the closed site in the foreseeable future. Prior to opening a mine, most jurisdictions require the posting of bonds sufficient to cover the costs that would be incurred in carrying out the mine closure rehabilitation and monitoring work.

This is why it take years to develop a mine these day. its simply just digging a hole in ground. I have shares in company that actual rehabilitation of mine sites Stantec. With the increase of mining comes the increase of rehabilitation of mine sites.

Today the the requirement of society reflected by stakeholders, financiers, government and shareholders, in the form of the combination of the Rehabilitation and Closure Plan and the bonds, ensures that rehabilitation and closure of the site will occur under all circumstances, and that the costs associated with both the rehabilitation of the land and its long term management will be met, with no cost to the taxpayer.

That is for big mining companies and yet there of course exceptions that do wrong thing like all other industries. The stark reality if it was not for mining gold and other commodities we would not be tying away on my lap top or smart phone and all the luxuries we enjoy today.


Crow
I get what your saying but boots on the ground in Victoria detecting for gold for several decades shows there is no way to effectively rehabilitate many of our areas in the Golden Triangle. It always turns to rubbish as soon as its disturbed. It throws the entire ecosystem into disarray.
Disturb the bush in the areas I mentioned with heavy machinery and kiss it goodbye no matter what efforts are made. Even the best efforts of the good ones as far as I have seen have been utter failures.
Now I know you have yrs of expert experience under your belt. But, not your fault its the misleading stats. That figure of over half of Aus used for agriculture takes in squillions of square km's that are open range huge cattle farms that can take 2 days to travel across and if you were there, as I don't doubt you have been on many, one would not even know it was agriculture land as it looks like the rest of the bush and country in that state. They are vastly different from agricultural areas used for crops and other production. Take out of those stats of those monster cattle properties and the figures would be lucky to be 20%.
 
I get what your saying but boots on the ground in Victoria detecting for gold for several decades shows there is no way to effectively rehabilitate many of our areas in the Golden Triangle. It always turns to rubbish as soon as its disturbed. It throws the entire ecosystem into disarray.
Disturb the bush in the areas I mentioned with heavy machinery and kiss it goodbye no matter what efforts are made. Even the best efforts of the good ones as far as I have seen have been utter failures.
Now I know you have yrs of expert experience under your belt. But, not your fault its the misleading stats. That figure of over half of Aus used for agriculture takes in squillions of square km's that are open range huge cattle farms that can take 2 days to travel across and if you were there, as I don't doubt you have been on many, one would not even know it was agriculture land as it looks like the rest of the bush and country in that state. They are vastly different from agricultural areas used for crops and other production. Take out of those stats of those monster cattle properties and the figures would be lucky to be 20%.

I spent a while on Barkely down station which the size of small country. The of cattle did environment damage and so did feral pig, goat and camel populations. So technically while there not cropping. they still open to environmental damage from grazing even if they look like the bush. The problem in Australia water resources. Cotton farmers drain too much precious water starving the Murray darling basing of river flow.


The trouble with golden triangle. It has had long term environment destruction from the 1850s to present day. Add other effects into equation like feral animals. uncontrolled land clearing and poor bio security with invasive plants . Have all added to poor land reclamation outcomes. And dodgy mining companies that pass the buck on by selling the liability to another company then filing for bankruptcy.

The gold rush started in NSW but it was concentrated in Victoria. As past mining practices evolved different environment degradation evolved. especially the golden triangle. I always fear the water quality stream would be impacted by mercury contamination.

Here is picture before and after Huntley bauxite mine in north Queensland.

Huntly+Bauxite.webp


Huntly+Bauxite+After.webp


or Flambeau mine Wisconsin below.

Capture.JPG 2.webp


Capture.JPG 1.webp


or Tyrone Mine new Mexico below.

Capture.JPG 4.webp


Capture.JPG 3.webp


That is course to say there is mine regeneration projects not a success. And true is will never be the same as original condition. that is sadly the trade off in exploiting mineral wealth. Copper deposits have unique problems especially with toxic waste water acidic to plants and live. But most problem be overcome. It just past mining activities was allowed to dump and run.

Small mines are worst offenders as they do not have the the cost factored into their mining operations. As the profit margin is too low to factor in. I am red face many years ago I got offered a mine in Solomon islands and nearly suckered into buying a gold mine for 100 dollars. The ridge gold mine. it had 100 million liability for environmental reclamation on it. It easy for a company to dodge their liability by off loading the mine onto some one else.

Technically that mine has nine years of life in it, if it even starts up again. Now they problems with poor people trespassing and doing small mining operations on the property. Last I heard the Chinese bought it. But with the current price of gold no 4 times the value back since it stopped in 2014. then it might be profitable but it still 100 million dollar liability that is perhaps 4 times higher now when the life of the mine ends.

That is why you have to be very weary when buying gold mines for sale. Because you might end up with past mining companies liabilities. These days is more easy to invest in shares in mines with little bit of insider knowledge on how their operations work.

Crow
 

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Lots of interest in seabed mining recently, which avoids the environmental issues of terrestrial mining but has its own set of environmental issues. Most of the interest is in polymetallic nodules and phosphorite, but also for gold in the seabed around Lihir island. From Wikipedia: “Grab samples from the submarine Conical Seamount, located about 8 km (5.0 mi) south of Lihir Island, contain high gold concentrations of up to 250 g/t (9.0 oz/long ton) Au (avg. 26 g/t (0.93 oz/long ton), n=40) that are hosted by high-potassic trachybasalts.” I’m not a mining expert so I don’t know how good this is. Currently Odyssey has an exploration license for seabed areas around Lihir. I don’t know if there are other license holders.
 
Tulip bulbs and Holland? 1700's I believe.
 
I build custom homes and recently someone has asked to use gold bars as a down payment.... well..... I'm thinking about it !
 
I spent a while on Barkely down station which the size of small country. The of cattle did environment damage and so did feral pig, goat and camel populations. So technically while there not cropping. they still open to environmental dam


The trouble with golden triangle. It has had long term environment destruction from the 1850s to present day. Add other effects into equation like feral animals. uncontrolled land clearing and poor bio security with invasive plants . Have all added to poor land reclamation outcomes. And dodgy mining companies that pass the buck on by selling the liability to another company then filing for bankruptcy.

The gold rush started in NSW but it was concentrated in Victoria. As past mining practices evolved different environment degradation evolved. especially the golden triangle. I always fear the water quality stream would be impacted by mercury contamination.

Here is picture before and after Huntley bauxite mine in north Queensland.

View attachment 2230099

View attachment 2230101

or Flambeau mine Wisconsin below.

View attachment 2230104

View attachment 2230106

or Tyrone Mine new Mexico below.

View attachment 2230107

View attachment 2230108

That is course to say there is mine regeneration projects not a success. And true is will never be the same as original condition. that is sadly the trade off in exploiting mineral wealth. Copper deposits have unique problems especially with toxic waste water acidic to plants and live. But most problem be overcome. It just past mining activities was allowed to dump and run.

Small mines are worst offenders as they do not have the the cost factored into their mining operations. As the profit margin is too low to factor in. I am red face many years ago I got offered a mine in Solomon islands and nearly suckered into buying a gold mine for 100 dollars. The ridge gold mine. it had 100 million liability for environmental reclamation on it. It easy for a company to dodge their liability by off loading the mine onto some one else.

Technically that mine has nine years of life in it, if it even starts up again. Now they problems with poor people trespassing and doing small mining operations on the property. Last I heard the Chinese bought it. But with the current price of gold no 4 times the value back since it stopped in 2014. then it might be profitable but it still 100 million dollar liability that is perhaps 4 times higher now when the life of the mine ends.

That is why you have to be very weary when buying gold mines for sale. Because you might end up with past mining companies liabilities. These days is more easy to invest in shares in mines with little bit of insider knowledge on how their operations work.

Crow

I spent a while on Barkely down station which the size of small country. The of cattle did environment damage and so did feral pig, goat and camel populations. So technically while there not cropping. they still open to environmental damage from grazing even if they look like the bush. The problem in Australia water resources. Cotton farmers drain too much precious water starving the Murray darling basing of river flow.


The trouble with golden triangle. It has had long term environment destruction from the 1850s to present day. Add other effects into equation like feral animals. uncontrolled land clearing and poor bio security with invasive plants . Have all added to poor land reclamation outcomes. And dodgy mining companies that pass the buck on by selling the liability to another company then filing for bankruptcy.

The gold rush started in NSW but it was concentrated in Victoria. As past mining practices evolved different environment degradation evolved. especially the golden triangle. I always fear the water quality stream would be impacted by mercury contamination.

Here is picture before and after Huntley bauxite mine in north Queensland.

View attachment 2230099

View attachment 2230101

or Flambeau mine Wisconsin below.

View attachment 2230104

View attachment 2230106

or Tyrone Mine new Mexico below.

View attachment 2230107

View attachment 2230108

That is course to say there is mine regeneration projects not a success. And true is will never be the same as original condition. that is sadly the trade off in exploiting mineral wealth. Copper deposits have unique problems especially with toxic waste water acidic to plants and live. But most problem be overcome. It just past mining activities was allowed to dump and run.

Small mines are worst offenders as they do not have the the cost factored into their mining operations. As the profit margin is too low to factor in. I am red face many years ago I got offered a mine in Solomon islands and nearly suckered into buying a gold mine for 100 dollars. The ridge gold mine. it had 100 million liability for environmental reclamation on it. It easy for a company to dodge their liability by off loading the mine onto some one else.

Technically that mine has nine years of life in it, if it even starts up again. Now they problems with poor people trespassing and doing small mining operations on the property. Last I heard the Chinese bought it. But with the current price of gold no 4 times the value back since it stopped in 2014. then it might be profitable but it still 100 million dollar liability that is perhaps 4 times higher now when the life of the mine ends.

That is why you have to be very weary when buying gold mines for sale. Because you might end up with past mining companies liabilities. These days is more easy to invest in shares in mines with little bit of insider knowledge on how their operations work.

Crow
Our rivers are impacted from the early days of mercury use. The advice from fisheries is to limit the eating of fish taken from streams that have run off from mining districts. The Loddon river in particular the fish have high levels of it in them.
You should have had a detect in the Solomon Islands. Good nuggets there. Guy I knew well went there and came back with quite a haul. Nuggets up to 5 oz.
Some serious nuggets in Nu Guinea too. Another guy I know went there when new ground was discovered about 12? yrs ago. He came back though in fear of his life. Where he went was according to him like some mad lawless outpost with native tribesmen and people from all different countries. In a bar he said everyone had guns, people were getting bashed and robbed for their gold and some disappeared. He heard gunshots every now n then too. He reckons he hid his detector and got out of there as fast as he could. Someone warned him that word was out he had a Minelab PI and they were going to take it from him. And one can surmise it wouldn't have ended well for him. He was no shrinking violet either. Mad place. My fathers mate got positioned there in Port Moresby for an Airline. He came back after just 4 months. Him and his family got home one day late and saw someone had made a hole in the ceiling and got in. Luckily they weren't home at the time or they'd all be dead. Because the neighboring family, probably the same crew that got into his house, that same day and time they were to be home were hacked to bits with machetes, the entire family. They would have met the same fate had they got home on time.

Don't know what happened there with that post double quoting :icon_scratch:
 
If you've watched any episode of "Gold Rush", that's sentiment is understandable. They're basically clearcutting anything that gets in their way and leaving a wasteland behind. Painful to watch if you're an environmentalist...
Not a totally true statement , Here in the USA we have reclamation laws that demand the land once the mining is done be reclaimed to look like it once was ! Trees ,topography, lakes and so on! And it is enforced ! So it's not left as a wasteland ! Yes it was long ago but no more !
 
Maybe I drink to much coffee BUT I've noticed that our President Trump has given out "tips" to people on when these "taxs" go into effect and when they will go away and the rich people understand this as guide to their own enrichment! Maybe I'm off the wall on this BUT to me I'm seeing $$$$ in his speech's to the people if you just listen to what he says ! It seems to me a lot of rich people are making $$$$ off his rants on taxs to foreign markets ! maybe I'm wrong and drinking to much coffee BUT why would he raise those foreign taxs so high and drop them a few days latter and give hints as to when this will happen other than a tip to his friends ?????
a
 
Our rivers are impacted from the early days of mercury use. The advice from fisheries is to limit the eating of fish taken from streams that have run off from mining districts. The Loddon river in particular the fish have high levels of it in them.
You should have had a detect in the Solomon Islands. Good nuggets there. Guy I knew well went there and came back with quite a haul. Nuggets up to 5 oz.
Some serious nuggets in Nu Guinea too. Another guy I know went there when new ground was discovered about 12? yrs ago. He came back though in fear of his life. Where he went was according to him like some mad lawless outpost with native tribesmen and people from all different countries. In a bar he said everyone had guns, people were getting bashed and robbed for their gold and some disappeared. He heard gunshots every now n then too. He reckons he hid his detector and got out of there as fast as he could. Someone warned him that word was out he had a Minelab PI and they were going to take it from him. And one can surmise it wouldn't have ended well for him. He was no shrinking violet either. Mad place. My fathers mate got positioned there in Port Moresby for an Airline. He came back after just 4 months. Him and his family got home one day late and saw someone had made a hole in the ceiling and got in. Luckily they weren't home at the time or they'd all be dead. Because the neighboring family, probably the same crew that got into his house, that same day and time they were to be home were hacked to bits with machetes, the entire family. They would have met the same fate had they got home on time.

Don't know what happened there with that post double quoting :icon_scratch:
I spent several years in New Guinea for exploration drilling companies. PNG Drilling. I was based Madang. Bougainville with CRA. Now Rio Tinto. Lihur Gold now part of Newcrest mining at Lihur island. Worked all over the place. The roughest place by far is port Moresby. probably next Mount Hagen and then Lae. But all places have their moments.

PNG drilling was subcontractor the exploration drilling all over the country.We always had a few nationals with us that treated us well. That said in towns you did not roam about at night if you valued your life. I was lucky as very good mate of mine who used to post here who was an Australian born their when it was part of Australia and grew up there. He was very good understanding native customs. Rabual before the volcanic eruption destroyed Rabual in 1994. It kept on erupting for years.

My mates parents graves are buried in old cemetery buried by the volcano. Check out the shock wave on the clouds.

Rabaul volcano exploding 2014

I bet the guys in the cargo ships was shitting themselves.

He taught me how to deal with natives. I could tell some stories of things that went on up there late 80's early 90's. I have posted them many years ago. I was part of infamous Mt Hagan Haka with a big Maori Big Ross a gorilla posing as human. But that's another story for another time.:laughing7:

Crow
 
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Maybe I drink to much coffee BUT I've noticed that our President Trump has given out "tips" to people on when these "taxs" go into effect and when they will go away and the rich people understand this as guide to their own enrichment! Maybe I'm off the wall on this BUT to me I'm seeing $$$$ in his speech's to the people if you just listen to what he says ! It seems to me a lot of rich people are making $$$$ off his rants on taxs to foreign markets ! maybe I'm wrong and drinking to much coffee BUT why would he raise those foreign taxs so high and drop them a few days latter and give hints as to when this will happen other than a tip to his friends ?????
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Of course he making me money! I have shares in rare earth elements. his trade sanctions have helped drive up prices of gold.

Since yesterday my shares in rare earth mining companies in Australia has risen between 3 and 7.5 percent. The shares in Australia rare earths mining companies jumped on Tuesday after the announcement. Perth-based firm Arafura Rare Earths surged by around 7.7%, while another major producer, Iluka Resources, gained by more than 3%

Trade deal

That is why I following closely on geopolitical events around the world and its relationship with commodity share prices. I done my ass on few and others was like winning the lottery.

2003 At the time of the 'new' Allied Mining and Processing's first appearance on the ASX stock exchange under the Fortescue Metals name, it was priced at … just 2 cents a share. A few months before that, this was a one-cent company.

Of course, Fortescue's current share price of $20.42 as well as its all-time high of $26.58, make that initial share price look utterly ridiculous. The rise from 2 cents to today's price represents a gain of 106,000%. Flogging Iron ore to Chinese building boom. That golden run is coming to an end. Now that iron ore mines in Africa is coming on line will force profits down. Iron ore price will fall as china has alternative sources. So in effect the iron ore boom is over.

The next boom is in rare earth materials. Now that world is trying to break free of china dominance in the rare earth market. Which china is restricting the flow of rare earth material USA and Australia will invest 2 billion in process rare earth mineral in Australia to double production capacity 20 percent of rare earth production. The problem with rare earth process is current excess water usage and associated pollution problems.

I see big projects with great potential. One the Salton sea in California has huge potential. There is three companies gearing up to exploit those resources. The Australian company developing a project in the Salton Sea is Controlled Thermal Resources (CTR), which is constructing a geothermal power and lithium extraction plant. The project, named "Hell's Kitchen," aims to extract lithium from geothermal brine and produce clean energy, marking the first large-scale direct lithium extraction plant in the U.S.. The two other American company will either buy out or merge with Australian company in due course.

The Australian company Lynas Rare Earths has developed a rare earth processing technique that uses significantly less water compared to traditional methods, though specific figures vary by source. While a 70% reduction is claimed in some reports, other details about the specific technology are less readily available trade secret to keep it away from the Chinese CCP, with information often found in relation to their operations in Western Australia and Malaysia. this makes the process cheaper by less water usage and more competitive.

Gold is one avenue but like rare earths there is always risks involve that is why diversified investment portfolios. Start off small big things grow from small things.

The best most secret power you can is to be invisible just quietly in background collecting money.

Crow
 
I hate to tell you I told you so, but I told you so. No way was gold going to 5k and silver to $100 right now. Supply and demand always wins. The higher it goes, the more people sell and then there's a glut in the market.


gold.webp
silver.webp
 
I spent several years in New Guinea for exploration drilling companies. PNG Drilling. I was based Madang. Bougainville with CRA. Now Rio Tinto. Lihur Gold now part of Newcrest mining at Lihur island. Worked all over the place. The roughest place by far is port Moresby. probably next Mount Hagen and then Lae. But all places have their moments.

PNG drilling was subcontractor the exploration drilling all over the country.We always had a few nationals with us that treated us well. That said in towns you did not roam about at night if you valued your life. I was lucky as very good mate of mine who used to post here who was an Australian born their when it was part of Australia and grew up there. He was very good understanding native customs. Rabual before the volcanic eruption destroyed Rabual in 1994. It kept on erupting for years.

My mates parents graves are buried in old cemetery buried by the volcano. Check out the shock wave on the clouds.

Rabaul volcano exploding 2014

I bet the guys in the cargo ships was shitting themselves.

He taught me how to deal with natives. I could tell some stories of things that went on up there late 80's early 90's. I have posted them many years ago. I was part of infamous Mt Hagan Haka with a big Maori Big Ross a gorilla posing as human. But that's another story for another time.:laughing7:

Crow
My prayers go out to those that lost their lives there in New Guinea in 1994 !
 
I hate to tell you I told you so, but I told you so. No way was gold going to 5k and silver to $100 right now. Supply and demand always wins. The higher it goes, the more people sell and then there's a glut in the market.


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FBT...
Its called a "dip".... this is normal.... when it dips,,, this is when the buys start again.
 
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