Friday, October 14, 2011

Mines and Money Sydney Conference, October 2011

First day of the Mines and Money Sydney Conference, October 2011, kicked off with Doug Casey, Chairman of Casey Research predicting some gloom and doom for the financial future and some emphasis on gold. From then on it was generally a more positive affair with speakers and panels answering many questions from the floor.

The conference was a rolling conference with speakers and panellists going none stop. One simply attended what ever speaker one was interested in and other times browsed among the booths. Other speakers included:

James Turk, Chairman, GOLD MONEY (pictured)
Tad Watroba, Executive Director, HANCOCK PROSPECTING
Trevor Rowe, Executive Chairman, ROTHSCHILD AUSTRALIA
Bernard J. Guarnera, President & CEO, BEHRE DOLBEAR & COMPANY
Chris Baker, Investment Manager, CALEDONIA
Clive Donner, Managing Director, LINQ RESOURES
Louis Rozman, Investment Director, PACIFIC ROAD CAPITAL MANAGEMENT
Jason Chesters, Head of Equities, PATERSONS ASSET MANAGEMENT
Ross Henderson, Managing Director, Australia, AMERICAN APPRAISAL
Robin Chambers, Senior Partner, CHAMBERS & COMPANY
Richard Karn, Managing Director, THE EMERGING TRENDS REPORT
Philip Klapwijk, Executive Chairman, GFMS
Gavin Wendt, Founding Director & Senior Resource Analyst, MINELIFE

On the second day of the conference, James Turk of GoldMoney spoke about the value of using gold as money rather than fiat currency.

He succinctly pointed out with graphs and statistics how currency is deteriorating around the world while gold has continued to hold its value.

He also pointed out the importance of understand that gold is not an investment but is liquidity and rather than keep liquidity in cash, which is being devalued on a constant basis, to keep it in gold which does not devalue but retains its value as it has always done for many years.

Turning to the booths, there was a wide variety of companies represented with many sharing booths to keep their costs down. These included gold and other mining companies, both listed and non-listed. Banks, curiously some overseas stock exchanges were represented and consultancy companies were also in attendance drumming up business and showing a presence at the conference.

Just a few of the gold mining companies represented with which we spoke included:

Archean Star Resources. Exploring for gold at its 170+ sq/km Gnaweeda Gold Project in the highly prolific Murchison Gold Belt at Meekatharra, W.A.

Ausgold Limited. An ASX listed gold/copper explorer utilising latest innovation in geosciences within emerging mineral provinces across Australia.

Cortona. Is an emerging Australian gold company which is focussed on the development of its 100%-owned Majors Creek Project, located 60km east of Canberra in New South Wales

Dampier Gold. Advanced exploration gold junior focused on near term development. Dampier listed on the ASX in August 2010 raising $20m at IPO

De Grey Mining Limited. Is a West Australian based public company exploring for gold and base metals over 7,172 square kilometres of prospective ground in Western Australia’s Pilbara region.

Gold Road. Is a gold exploration company developing the Yamarna Belt, a major new high-grade gold region in Western Australia covering 5,000km2

Hill End Gold. Has a combined gold resource of near 600,000oz at its Hill End and Hargraves Gold Projects in an historically gold-rich region in central New South Wales, Australia.

Invictus Gold. A spin off by Impact Minerals as a vehicle to house its Queensland gold assets. Invictus has a portfolio of five projects, all 100% owned.

Kalgoorlie Mining Company Limited (KMC). A rapidly developing resource development and exploration Company based in Perth, Western Australia and with regional offices in Kalgoorlie, Western Australia

Kula Gold. Is currently developing a 100 per cent owned advanced stage gold project on Woodlark Island, located approximately 250 kilometres from the Papua New Guinean mainland

Morning Star Gold (MCO). Is Australia’s newest gold producer. MCO aims to produce between 50Kozs – 100Kozs per annum in 2012-2016 from its high grade tenements at Woods Point

Mungana Goldmines.
Listed on the Australian Securities Exchange in June 2010 following a $57 million IPO to fully realise the value of the North Queensland gold assets.

Navaho Gold. Is an Australian-based exploration company focused on the discovery of world-class gold deposits in Nevada, USA and Queensland, Australia.

Regis. A standout mid tier Australian gold producer with total resources of 5.8 million ounces and reserves of 2.4 million ounces located in the Laverton region of Western Australia.

The delegates were kept supplied with refreshments on an ongoing basis including, for the early birds, breakfast and of course lunch was provided. The conference was well attended with over 800 delegates.

The Awards dinner on the last night was an excellent affair with several awards issued and a local TV presenter and comedian to lighten the mood.

Overall It was a very successful first Australian conference for the Mines and Money Sydney Conference, October 2011.

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