Friday, 4 January 2013

The Hemlo Discovery

HT to Tommy Humphrey's on posting the Hemlo discovery documentary.

Back to the early 1980's, speaking of a different age of discovery and investing, a 25m oz high grade deposit next to a major highway in Canada. Noranda developing a mine in 2 years, for $250m to mine 1/3 of Canada's gold production. Corona $2 to $20 in weeks. Scepticism on a new discovery in the heart of a district with long exploration.
Then 200 companies follow. The rise of the Vancouver exchange in providing risk capital.

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