December 17, 2017 

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Risk Management Strategies


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 By Hans Kummerow

11/24/2017  2:07PM

Hi Mike,

to answer your question in Director Erdahl´s words: The price of gold will either go up or down.

But the truth at the bottom is more complicated than that, if you look not only at the price of gold in US-Dollars.

For instance, looking at the price of gold in Swiss Francs during the last 40 years - it has not changed much at all.

But for a gold-mining company in California, where all expense is paid in US-Dollars, the price in sfr does not matter much.

And for an investor who is invested either in gold or Swiss Francs, the dwindling purchasing power of the US-Dollar does not matter much either.

 By Michael Miller

11/14/2017  1:25PM

Hi Hans,
Yes to your question, is the world running out of new goldfields. Remember the nuances for understanding the known unknowns and the unknown unknowns? Think about gold (and other natural resources) with both considerations. The known goldfields are becoming more expensive to mine as the ore changes and the access becomes more involved. “New” as a 20th and 21st century new gold deposit described discoveries which were really deposits that got a second or fresh look. Homestake mining, an old California gold corporation that was swallowed by Barrick, turned this trick in Yolo, Napa and Sonoma counties with its McLaughlen open pit mine. Was it new or rediscovered? It has happened globally.
Exploration has moved into regions that are awful to develop. This has also been ongoing for years. Gold is sought today in the high Andes Mountains, the frigid north Asia and elsewhere. What does this mean? Think supply and demand and come to your own conclusions. My conclusion is that gold will continue to be in demand, the supply is questionable and the cost of getting the stuff will increase.

Thanks about asking about Origsix. Our leadership has acquire good mines since 1911. We shareholders now own gold deposits with over two million ounces of production, maybe even three million. At spot price the dollar range for gold produced is between 2.550 billion and 3,825 billion ($2,550,000,000 and $3,825,000,000). Currently, I am sitting above the apex and very close to the center of our gold deposit.

What about the remaining useful economic life-span? Geologists have told me, written about and talked about 80% of this golden anomaly in a well-defined quartz vein system remains for the taking. Even though our federal government froze the price of gold at $35 an ounce from 1934 to 1975, Origsix remained a useful economic asset for its owners. It is more so today. It is the most undervalued American public company, which is why I continue to buy shares and defer personal compensation.

Where do you think the future price to buy an ounce of gold is headed?
 By Hans Kummerow

11/12/2017  3:01AM

An important risk in precious metal mining is the risk of depletion of known deposits.
If you look at global production numbers during the last two decades it seems that gold output has declined everywhere in the world except in China and Russia.
And if you look at the numbers for new goldfield discoveries in the 5000+ metric ton bracket the sad news is that there seem to be no really big new finds except one in China.
Is the world running out of new goldfield discoveries?
What about the remaining useful economic life-span of the Origsix orebody at todays prices?



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