Editorial Page 3
In a spirit of full disclosure I should present my “academic” credentials of being an independent thinker by graduating from CHK, the College of Hard Knocks. I did the right thing in the dark ages of the 1950’s when a teenage boy could not legally buy a condom, in supporting a yet to be defined Right-to-Life Movement. Unfortunately, because of this career altering experience, I do not truly understand the jargon of those who went on to graduate with a BS —whatever that stands for in the language of OMG—with a MS for more of the same, piled higher and deeper with a PHD. As a lowly Private, with dependent child, in U.S. Air Force intelligence in London (with a one-step above Top Secret rating) I was paid in MPC paper certificates that at the time could be traded into real money for ounces of silver. My point being that the U.S. has not won any conflict since outspending the Russians to win the “Cold War!” What does this have to do with gold mining? My main chance in life, besides my freelance writing for LIFE, was destined to be a self employed prospector —the equivalent of what used to be called an oil wildcatter.
Never having been asked to join the club, I of course have a different view on those that swung a club to beat down the 99 percenters.
A) My biggest failure, thanks to a lawyer who I knew was tap dancing “Chicago” style, was having my name on mining claims at Kinsley Mountain Nevada, over-staked. How it happened that big oil Exxon over-ran me with their King Claims —apparently with my permission through having less than a majority of our small corporation— to “clean up the confusion with a clear option,” over what I was aware of, through a geochemical calorimetric test that went off the scale.
How is it that big-oil Exxon flipped the ground to a Canadian Cominco (that had a great reputation for their geologist’s putting a career on the line through his drilling recommendations) was then somehow flipped to Alta Gold who then went bankrupt inside of three years for actually producing 138,000 ounces of gold (you do the math), with a crew that commuted 150 miles per day from Ely, Nevada, in a school bus.
Sorry, I do not buy what “cost overruns” on an affordable heap leach property was the failure. Don’t listen to me, as I am nothing but a silly old coot. Do your Google research (“Kinsley Mountain + Alta Gold”) and find out that the bankrupt property once more is the darling of press release opportunities. Guess what— you will find that the mountain is a yet another born-again-press release miracle. Who knew?
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