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To: Publius
There has been a lot of quiet activity in Nevada lately. Over the 90s when gold prices were soft, the Nevada gold fields basically ran skeleton operations on existing mines just to stay afloat but prospecting for new ore bodies continued.

I own scads of land in the mountains of the primary gold-bearing regions of Nevada. What I know from first-hand information is that during the long period of soft gold prices, some of the prospecting companies have identified a number of what they believe to be extremely fat ore bodies, some of the richest since the initial gold rush in the 19th century, using some new models for how and where those mineral formations occur that caused them to look in places no one had seriously looked before. With gold prices being what they are, these new mining sites are being built at a rapid pace and without so much as an announcement of the fact. I run into geologists all the time while cruising around my property and the surrounding wilderness, and I've recently run into a bunch who are turning up new mining sites around my area. They are basically saying that they've been sitting on these new ore bodies for a few years now and have been waiting for prices to go up. Their prognosis is that output from Nevada (one of the major gold exporting regions of the world) will climb rapidly as these new sites are brought online over the coming months. In other words, there are several new resources that will be coming online shortly in addition to all the existing mines going back to full production.

I'm stoked because I own hundreds of acres of land that included presumed-to-be-worthless mineral rights that are literally a stones throw from what is expected to be one of the richest ore body discoveries since the 19th century, or at least according to the geologists who are putting the site together as we speak.

25 posted on 02/19/2003 5:15:53 PM PST by tortoise
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To: tortoise
"I'm stoked because I own hundreds of acres of land that included presumed-to-be-worthless mineral rights that are literally a stones throw from what is expected to be one of the richest ore body discoveries since the 19th century..."

Sounds like your in good shape now. Best to you. :)

31 posted on 02/19/2003 6:01:47 PM PST by WatchNKorea ( http://www.freerepublic.com/forum/a3a37a7ce78f9.htm)
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To: tortoise
So what are the names of some of these mining companies?
105 posted on 02/19/2003 10:08:59 PM PST by Iconoclast2
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