Friday, May 31, 2013

Gold Treasure of the Boer War

Gold Treasure of the Boer War

In the closing stages of the Anglo-Boer War, Paul Kruger, president of the South African Republic of Transvaal and the face of the resistance against the British, was said to have absconded with all of the riches of his nation when he fled from encroaching British troops in 1900.

In the 1880s Kruger had issued orders that if the British threatened the capital city of Pretoria the entire reserves of the national bank - gold bullion and coins - should be put on wagons and hidden in the African plains. Following his evacuation, Kruger lived out the last four years of his life in exile before dying in Switzerland. Most Boer leadership were killed and the location of the Krugerrand fortune has never been revealed.

Thursday, May 30, 2013

J Frank back on rails soon? - BGM.v

Everybody's favourite career Venture pooperstar J Frank Callaghan has been spending all his own dough (through a debenture - LoL) and street word has the new and improved 43-101 masterpiece (as opposed to old and dead horrid chitty) hitting the wires any time at all. It has been an ultra long haul since the August 13, 2012 trading halt, and while we wait we can enjoy some of J Frank's irrepressible bullchitisms ...
"Referring to the 43-101 resource estimate, Barkerville president/CEO Frank Callaghan told BIV, “We’re really confident in the numbers. We support the guy that’s done the work and we’re not prepared to throw him under the bus. He’s done a good job.”

The company has been twinning holes and drilling deeper, and has contracted Snowden Mining Industry Consultants to oversee the new 43-101. As a result it should be “very, very comprehensive to a point where a 10-year-old is going to be able to read it and understand it,” Callaghan told BIV.
"Investor enthusiasm aside, some observers were skeptical, even derisive of the resource estimate. “Hilarious” was the Northern Miner’s response.

Barkerville’s June 29 press release also suggested a non-43-101 “total geological potential” for the Island Mountain/Cow Mountain/Barkerville Mountain trend of 405 million to 684 million tons with an average grade between 4.11 g/t and 5.49 g/t for 65 million to 90 million gold ounces. Those numbers, the company stressed, were potential “and it is uncertain if further exploration will result in the delineation of mineral resources.”
Personally I just can't wait to see how much of that aresome "total geological potential" is left over when the BCSC finishes with J Frank's dopey buttock. It ought to be good and if this clownshow manages anything past 1m ounces I'd be very amazed.

Sunday, May 26, 2013

Tahera "Jericho" Diamond Minesite abandoned

Anybody with a long enough memory can recall the large gaggle of retards who were Tahera Diamond spewmasters during the horrid promo/crash and burn of TAH.t.

Tahera opened its Jericho diamond mine in western Nunavut in 2006, touting it as Nunavut's first and only producing diamond mine. Tahera went into court-ordered creditor protection in January 2008 and the shares were suspended from trading in February of that year. Tahera handed over responsibility for the site to the federal Indian and Northern Affairs Department. Shear Diamonds bought the Jericho mine site in 2010 from bankruptcy court. The company hoped to re-open the mine, but ended up putting the site under what it called "temporary closure".
It happened quickly last summer, on Labour Day weekend, when Shear realized it was in financial trouble. Within 48 hours, Shear had done some basic clean-up at the Jericho site, and all its staff members were flown out.
Regulators found out about it a few days later. A federal inspection of the site then found some things left undone. Hazardous waste wasn't stored properly and there was evidence of fuel spills not cleaned up. The board gave Shear a deadline of tomorrow to submit a series of outstanding reports. However, Ryan Barry said the board has had trouble reaching anybody from the company in recent weeks.

What do we take away from this bloody disgrace? Seems pretty straighforward now but Jericho NEVER came anywhere near breaking even, let alone producing positive cash flow and a profit. The equity was doomed the moment the decision to progress with a half a billion white elephant in the far north was made. Those who lost money on Shear, well damn, Tahera blows half a billion without finding the answer and Shear had it all along?

Saturday, May 25, 2013

The Hoxne Hoard

The Hoxne Hoard (pronounced 'Hoxon') is the largest hoard of late Roman silver and gold discovered in Britain, and the largest collection of gold and silver coins of the fourth and fifth century ever found anywhere within the Roman Empire.

Found with metal detector in the village of Hoxne in Suffolk, England, on 16 November 1992, the hoard consists of 14,865 Roman gold, silver and bronze coins from the late fourth and early fifth centuries, and about 200 items of silver tableware and gold jewellery.
The objects are in the British Museum in London. The hoard is conservatively valued at £2.66 million.

Rare Blue Diamond sells for $9.6 million

A rare blue diamond ring was auctioned by Bonhams April 24 2013, as part of its Fine Jewellery Sale in London.

Estimated to fetch between £1 million and £1.5 million, the "Trombino" ring by renowned Italian jeweller Bulgari realised more than four times its high estimate, selling to Laurence Graff of Graff Diamonds for £6.2 million. This record price of US$1.8m per carat beat the previous world record price of US$1.68m per carat for a blue diamond.
The diamond is a "fancy deep-blue" stone weighing 5.3 carats.

Friday, May 24, 2013

The Ziwiye hoard

The Ziwiye hoard was uncovered on the south shore of Lake Urmia in Ziwiyeh, Kurdistan Province, Iran, in 1947.

The Iranian plateau was the crossroads of a cultural highway as well as a physical one ... on the "Silk Road" of the ancient world. The hoard contains objects of four distinct styles: Assyrian, Scythian, proto-Achaemenid, and the locals.

The hoard contains gold, silver and ivory objects of exquisite workmanship and are dated to around 700 B.C.

Argyle Mine finds Red Diamonds

Argyle Mine finds Red Diamonds
The Argyle Diamond Mine in Western Australia's Kimberley has dug up three extremely rare red diamonds. In the last 30 years, Argyle has only found nine red diamonds, including the three which are now on sale at its annual Argyle Pink Diamonds Tender.

Rio Tinto's Robyn Ellison expects the jewels to attract a hefty price tag. "Well,the skies the limit really with diamonds such as these. We will take these red diamonds around the world.

"At the end of the process, come October, the market will determine the price, but certainly north of a million dollars a carat is not unusual."

Monday, May 20, 2013

Most expensive Gems at Auction - Update

The onyx and diamond panther bracelet was once owned by Wallis Simpson, whose love affair with King Edward VIII led to his abdication in 1936.

It is assumed that Madonna purchased the piece on November 30, 2010 for $ 12.4m.
The ring is set with a triangular-cut fancy vivid blue diamond, weighing 10.95 carats, and a triangular-cut diamond, weighing 9.87 carats, and dates from 1972. It was purchased by an Asian collector on May 19, 2010 for $ 15.7m
The Chloe Diamond is a brilliant-cut diamond, weighing 84.37 carats, bought by Georges Marciano, the founder of clothing company Guess? Inc. Marciano named the stone “the Chloe Diamond” after his then 12-year-old daughter.

The diamond sold for $16.2 Million at Sotheby's Geneva in 2007.
In November 2012, Christie's sold the cushion-shaped, colourless, 76.02-carat Archduke Joseph Diamond for $21.5 million.
A 14.23 carat diamond, named The Perfect Pink, sold for $23,165,968 in November 2010 to an anonymous buyer after an intense bidding war with four others.

Christie's says only 18 diamonds bigger than 10 carats and showing a distinct pure pink colour have ever gone on the block in 244 years of auction history.
The Wittelsbach-Graff Diamond is a cushion-cut fancy deep grayish blue diamond weighing 35.56 carats. It sold at auction in December 2008 for $24.3m

The diamond originates from the Indian kingdom of Golkonda. It's rumored that King Philip IV of Spain purchased the jewel and included it in the dowry of his teenage daughter, Margaret Teresa, in 1664.
On 15 May 2013 Christie’s auctioned the "Winston Legacy" in Geneva for $ 26.7m. A pear-shaped perfect diamond weighing 101.73 carats, this sensational gemstone is not only one of the largest pear-shaped diamonds known to date, it is also one of the world’s most perfect diamonds: a D colour, Type IIA Flawless gem.

The rough stone weighed 236 carats when it was extracted from the Jwaneng mine (DeBeers) in Botswana and required 21 months to polish.
The Princie Pink is a cushion-cut 34.65 carats and is one of the finest and largest of its kind.

The stone can be traced back to the ancient diamond mines of India. The diamond was sold at auction in 1960 where it brought a price of 46,000 pounds sterling (approximately $69,588 in today's currency).

The stone sold for $ 39m in April, 2013.
The Graff Pink is a vivid pink, round-cornered rectangular step-cut diamond weighing 24.78 carats, set between shield-shaped diamond shoulders, in platinum.

It sold on November 10, 2010 for $ 46.2m