Re: ... EVEN More insider buys
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Rare Element Resources Ltd.
100% interest - Bear Lodge property, Wyoming - One of the largest disseminated Rare Earth deposits in North America
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I don't think they would be interested in RES if they thought it had less than 5 million oz Au.
Management says it is very similar to the Cripple Creek, Colorado complex. The Cripple Creek alkaline-igneous intrusive complex hosts a deposit that has produced more than 21 million ounces of gold.
That is huge!!!
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12. Newmont Mining
Fortune 500 rank: 430
2007 loss: $1.89 billion
Newmont Mining took a $1.7 billion charge when its new CEO decided to exit the merchant banking business. But that wasn't the only problem for the global gold miner. Even though gold prices are soaring, finding and mining the precious metal are getting tougher and more expensive.
The cost of mining an ounce of gold went from $303 to $406 last year as Newmont expanded operations at Yanacocha in Peru, the company's biggest mine. Newmont also posted a net loss of gold in its mines: Reserves fell 7.4 million ounces, compared to a small gain in 2006.
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