via Bloombergtv.ca - Don Coxe
I am unable to correct my obvious mistake of the previous posting, that Cumberland resources was developing the Tower Lake deposit. It was Comaplex that was bought out by Agnico and had left behind a viable gold deposit in the hands of Golden Band.
Much that Golden Band controls has merely fallen into its lap, it is the vertical short form merger with Jolu Development Corporation, 'somebody's subsidiary' that determined the outcome of eventually going private and the in-substantive defeasment.(link library, please.)
The Bre-X film will probably jaundice another generation of hopeful investors against gold mines. But really, the La Ronge Gold Belt was at the time ground zero for the gold mining swindle.
Not that there isn't any gold. You couldn't raise the capital. The irony with Bre-X is that you could raise the capital with no gold being there. A third party must have salted the cores, taking a gold bar or bars worth millions and reducing them with aqua regia, pouring the solution over the cores.
What Don Coxe is talking about holding gold would be an anticipated currency debacle, which the Austrians have been promising for years.
http://bloombergtv.ca/2017-01-19/shows/the-daily-brief/the-daily-brief-clips/coxe-on-best-worst-scenarios-for-canada-under-trump/
http://business.financialpost.com/news/mining/gold-the-movie-about-the-bre-x-mining-scandal-that-isnt-about-bre-x
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