Reviewing Gold Production from Beginning to End
Investing in resources stocks; especially the Penny Dreadfuls can be either devastating or incredibly profitable depending on how well educated investors have made themselves. As with all fields, the quality and quantity of information is directly related to the quality of decisions made.
Mariusz Skonieczny wrote a book to educate investors in the basics of producing gold from beginning to end. Mining 401 it is not. It is a basic text educating the reader into what mining is all about, especially gold mining. In the eBook format, the book costs $9.99 and is worth every cent. If you are going to invest in any gold mining stocks, your cheapest commission will be higher. I highly suggest any potential investor who doesn’t know mining to buy the book.
He makes money off selling the book, I don’t. I’m in the business of educating investors, not mining them. Don’t even think about how to pronounce his name. I think it’s Irish.
About the Book
Gold mining is arguably one of the most misunderstood industries in the field of investing. Many investors lack a basic understanding of how gold is produced and have unrealistic expectations about how long it actually takes. They are confused when mining companies encounter hurdles that must be overcome. Some seem to think that starting a mine is like turning on a switch. As a result, the prices of gold mining stocks are subject to wide volatility.
In this book, you will learn what it takes to produce an ounce of gold from beginning to end. You will read about all four stages of gold production, from exploration and mining to processing and refining. The topics covered include the different types of gold deposits and how they are found, as well as drilling techniques and how deposits are classified. Other topics include mining methods, such as bulk extraction and sublevel stoping, and an overview of special techniques used to process refractory ore - the most difficult type of ore to process. Finally, you will learn about doré bars, gold purity requirements, and the exchanges that specialize in buying and selling gold.