RE:West Gold Will Go LookingHi nozz , I think we had this conversation more than a year ago when West Gold shows very high costs and expensive , low grades . Even then they were wringing the last little bit out of a dead horse . I don`t know how they managed to hang onto all that cash this long . I think this is normal now for CEO`s everywhere but especially in mining where shareholders have no power and the vast majority don`t vote . They will not take any risk and sit back doing pr work and collect big pay cheques with expences . That is the way of the world now .
When I was young I can remember when the Hemlo was discovered . I drove by it on my way to school . Right on the highway . There was nothing there except bush and drills everywhere that you could see . Farther east there were armies of lawyers making the real fortunes in law suits .
A year later I went by and there were 3 giant mills nearly complete . One conveyor stretching across the highway to a mill and a giant pit . Fast forward to now and this would have taken at least 15 years and there would be no conveyor across the highway .
There are no movers and shaker anymore . West gold is no exception . What is obvious to us isn`t to them . Their rule of thumb is , cover your a$$ , ignore your shareholders and collect that big pay cheque . That`s why a real estate agent can run a minig company just as well as any geologist or mining engineer . That`s the way of the world now .
Hey . Look at us . We have a part time ski instructor for a Prime Minister .