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Clive Maund: The real Copiapo, the real Atacama
10:37p ET Thursday, October 14, 2010
Dear Friend of GATA and Gold (and Silver):
Market analyst Clive Maund has written some wonderful travelogue and has accompanied it with some spectacular photos about the area of Copiapo, Chile, scene of the rescue of the miners who were trapped underground for more than two months. Maund's commentary is also a reminder that the value of the precious metals derives in large part from the expertise, persistence, and plain old physical work necessary to extract them from the earth. They have been recognized as special since the dawn of man -- as "the sweat of the sun" and "the tears of the moon." In addition to their intrinsic values, they are proofs of honest labor. They will not be coaxed out by any number of interest rate adjustments, bond monetizations, degrees in economics, trading strategies, or other counterfeiting. Maund's commentary is headlined "The Real Copiapo, The Real Atacama" and you can find it at GoldSeek here:
http://news.goldseek.com/CliveMaund/1287072563.php
And at 321Gold here:
http://www.321gold.com/editorials/maund/maund101410.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com
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The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
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New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...
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Prophecy Resource Goes Into Production
at Ulaan Ovoo Coal Mine in Mongolia
A commission appointed by Mongolia's Ministry of Mineral Resources and Energy has conducted the final permit inspection at Prophecy Resource Corp.'s Ulaan Ovoo mine site and has instructed the company to begin coal production. Prophecy Resource (TSX.V: PCY) has begun production of its first 10,000 tonnes of coal as a trial run of supply to be taken by rail to electric power stations in Darkhan and Erdenet, Mongolia's second and third largest cities after the capital, Ulaanbaatar. The company is the second-ever Canadian mining company to get a permit to mine in Mongolia and start production there.
For the company's complete announcement, please visit:
http://www.prophecyresource.com/news_2010_oct14.php
