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July 20, 2010
The 70th Minesite Forum Focussed Almost Exclusively On Gold, With The Honourable Exception Of Alexander Mining And Its Ammleach Processing Technology
“The perceived wisdom”, said Tom Winnifrith, manager of the SF T1ps Smaller Companies Gold Fund, “is that gold is a relic of a barbarous age”. In making that statement at the 70th Minesite Forum on Tuesday 20th July, Tom duly gave a metaphorical nod in the direction of our very own Charles Wyatt, who has been banging this particular drum for ages. Relic of a barbarous age it may be, but for those who’ve had serious exposure to the yellow metal in recent years, it’s been a very profitable relic. “Gold”, continued Tom, “is a real store of value. It always has been. All paper currencies are holed below the waterline, or else unproven.” In speaking to our Minesite audience, Tom was, of course, preaching to the converted, but given the renewed concerns about the global economic conditions, it was perhaps unsurprising that this time round the presenters at our Forum were almost exclusively focussed on gold.
Alexander Mining was the honourable, and notable exception, with its focus on proprietary leaching technologies, while three companies, Red Rock, Metallum and Kibo also have other assets running alongside gold projects. But gold was definitely the theme at the forum, with Trio Gold offering pure play exploration on the famous Carlin Trend, and Hambledon offering rising production in Kazakhstan. No doubt investors will continue to focus on gold over the summer, even as interest in oth
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