60 Minutes Episode

Like offshore in Nome, applying new technology to locate and prove out gold in areas know to hold gold.

Proof of QE Failure

I may not be able to explain all the nuances of QE to a class of college students but when I read article after article – written by very smart people – about quantitative easing (QE) in the US and around the world, I get a little uneasy. It seems to me, the solid evidence points to inflation, a race to devalue currencies and higher gold prices in the future.

There is plenty to read online so we have highlighted a few good articles for our potential investors. One comprehensive article is included here. Check it out and draw your own conclusion.

We offer a 3x return paid in CASH or Gold. What would you rather hold?

These surf crawlers mine for gold offshore in the surf zone. They can be productive and profitable as long as they are operating. They are limited by high wave action and bad weather but can stay out longer than the small suction dredges that are usually mounted on modified pontoon boats.

Notice how the spacer piece is added between the excavator and the tracks? This gets him out of the water and lets him transit out into deeper water (when the waves are down). However, this space takes away from his reach and limits how deep he can dig. The “house” on the back is adjacent to the sluice that separates the gold from the dirt he digs up. It is a slow process heading home.

Since gold was discovered in Nome in 1898, there has been a natural progression of mining technology. Early prospectors claimed much of the land. New miners that came up in the early years were sometimes relegated to beach mining if they could not get rights to mine a claim.

As a local Nome miner explained to me, mining technology evolves. The smaller operations get absorbed by more productive technology. This usually means larger operations with more operators. Over the years, these large bucket ladder dredges accounted for most of the mining volume conducted ‘on-shore’ around Nome, AK. They moved a lot of material and were very productive compared to the smaller operations. It is thought that around 90% of the gold taken out of the ground around nome over the last 100 years has been through these large bucket ladder dredges. This one stopped operating abut 20 years ago.

Now we can see a similar progression happening in ‘off-shore’ mining. Larger excavator bucket type dredges are successfully mining offshore. Technology marches on and we can see many opportunities to increase productivity with subsea vehicle technology in both shallow and deeper waters.