Thursday, June 29, 2017

Bonhams: The Scottsdale Auction January 28, 2016

1962 Mercedes-Benz 300SL Roadster. $ 1.5 - $ 1.8m

1956 Ferrari 250 GT Alloy Coupe. $ 1.5-$ 1.8m

1971 Ferrari 365 GTB/4 Daytona Berlinetta. $1 - $1.2m

1912 Rolls-Royce 40/50HP Silver Ghost "Roi-Des-Belges" $ 800,000 - 1m

1956 Mercedes-Benz 300SC Coupe. $ 650,000 - 750,000

1961 Alfa Romeo Giulietta Sprint Speciale US$ 150,000 - 180,000

1931 Packard 840 Roadster US$ 250,000 - 275,000

2006 FORD GT US$ 320,000 - 360,000

1953 Kaiser-Darrin Sport Convertible US$ 200,000 - 250,000

1972 Ferrari Dino 246 GT US$ 325,000 - 375,000

1936 Rolls Royce Phantom III 40/50HP Sendaanca De Ville US$ 75,000 - 100,000

1962 Bently S2 Continential Flying Spur US$ 200,000 - 300,000

1934 Packard Eight 1101 Coupe US$ 100,000 - 120,000

1948 Bently Mk VI Drophead Coupe US$ 120,000 - 150,000

1964 Aston Martin DB5 Sports Saloon US$ 800,000 - 1.1 million

1955 Porsche 356 Pre-A Continential Coupe US$ 140,000 - 180,000

Gabriel Resources to seek $4.4-billion in damages from Romania

Gabriel Resources Ltd (GBU.t) will seek $4.4-billion in damages from Romania for losses related to its long-stalled Rosia Montana gold mine project. The miner’s project, near the village of Rosia Montana, was expected to produce 500,000 ounces of gold annually over 16 years of operation, making it Europe’s largest gold mine.

The project has potential to generate $24-billion for the country’s economy, Gabriel estimates. A mining district more than 2,000 years ago in Roman times, Gabriel filed a request for arbitration with the World Bank in 2015. Romania is one of Europe’s poorest countries, despite rich natural resources including gas, coal and gold.

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Wednesday, June 28, 2017

Cascabel - Latest Results from Angry Geologist

"We got results from 2 more drill-holes from Alpala last week. I've plugged the numbers in and this is what it has done to my officially bad (tm) contained metal calculations.

We have a 14% increase in tonnes and an equivalent increase in contained copper."
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Sunday, June 25, 2017

Peru the world leader in fake US notes

Peru has become known over the past several years as the counterfeiting capital of the world. The U.S. Secret Service and Peruvian police on Nov. 15 made the largest seizure of counterfeit currency in Secret Service history ... $30 million in counterfeit notes. Oper­ation Sunset was the cul­mination of a global investigation involving six Peruvian-based criminal organizations. 54 pre-dawn search and arrest warrants were executed in Lima. More than 1,500 Peruvian National Police officers were involved in the operation, and 48 people were arrested in all. Six counterfeit plants were suppressed, eight counterfeit manufacturing presses seized, and over 1,600 printing plates and negatives of varying denominations were found.
From 2009 to 2015 Peruvian police seized over $76 million of fake American currency in addition to an undisclosed amount of euros and soles. The current situation led the Secret Service to move its Latin American headquarters to Peru from Colombia, which used to be the leader.
$2,000 worth of the best $100 counterfeits on the market can be had for $180 in real money. The forger is paid 35 cents for each finished note.

Saturday, June 24, 2017

SolGold up on Cascabel copper-gold results

Shares in Ecuador-focused miner SolGold (LON:SOLG) got a boost after the company updated the market on its Cascabel copper-gold project and announced it had received an initial approval to list on the Toronto Stock Exchange (TSX).

Assay results from Cascabel yielded positive results. While results from Hole 23R at Cascabel were delayed in the laboratory, the company said Hole 24 and 25 samples show a robust mineralized porphyry as well as a high-grade panel of intense bornite mineralization.
SolGold's Cascabel project is located in the northern portion of the Andean copper belt in Ecuador, renowned for hosting almost half the world’s copper known reserves. The South American country has been gaining ground as a mining investment destination thanks to a revised regulatory framework.

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Friday, June 23, 2017

Infamous Guns at Auction

Two guns once owned by Bonnie and Clyde sold for over half a million dollars. Clyde Barrow's 1911 Colt .45-caliber automatic sold for $240,000.

Bonnie Parker's .38-caliber Detective Special that she had taped to her thigh when she was killed in a hail of gunfire in 1934 sold for $264,000 to the same bidder.

An online bidder paid $130,000 for a .45-caliber Tommy gun and $80,000 for an 1897 12-gauge shotgun that were seized from one of the duo's hideouts in Missouri in 1933.

Lawmen seized the weapons on April 13, 1933 after a bloody raid on an apartment in Joplin where the Barrow Gang were holed up. Two lawmen were killed while the gang escaped.

Al Capone’s Colt .25 semi-automatic pistol sold for over $ 16,000 in 2012.

His Colt .38 revolver sold for over $100,000 at a Christie's 2011 auction in London.
A gold-plated 7.65 Walther semi-automatic pistol with Hitler’s initials inlaid in gold on the ivory grips. It sold for $114,000 at a 1987 auction.

The pistol was taken by an American soldier during a dramatic attempt to capture or kill the dictator in Munich in the waning days of the war. Hitler was miles away in his bunker at the time.

John Dillinger's derringer, a miniature pistol that was found in the outlaw's sock when he was arrested in 1934 sold for $45,000.

The wooden gun Dillinger famously used to escape from the Crown Point, Indiana jail sold for $ 19,000.

A purse pistol Jesse James gave his wife, Zee, to commemorate the birth of their daughter sold for $20,000.

On October 5, 1892 five members of the Dalton Gang rode into the small town of Coffeyville, Kansas. After a failed bank robbery, the ensuing firefight killed four townspeople and four members of the Dalton Gang. $ 50,000.
Wyatt Earp's Colt .45-caliber revolver. $ 225,000. The revolver was passed down by the Earp family and is likely the one Wyatt used in the most legendary gunfight in wild west history, the O.K. Corral shootout — which became legend.

.44-caliber Smith & Wesson that killed Jesse James: $350,000. The James Gang terrorized Kansas and Missouri for nearly two decades led by the outlaw Jesse James.

The shot that killed James was delivered from a .44 which brought $350,000 at an Anaheim auction in 2003.
A tiny 6-inch derringer sitting in a display case at Ford’s Theatre National Historic Site is perhaps the most valuable in the world. Yet the only price ever paid for the item was around $25 in the mid-1800s, by John Wilkes Booth.

One shot was all Booth had to end Abraham Lincoln’s life when he entered the President’s theater box on April 14, 1865. Kept for generations as evidence by the War Department, the relic eventually returned to its fateful origins at the Ford Theatre where it had changed the course of history.

Wednesday, June 21, 2017

Tanzanite - Low Production, High Operational Costs

Miners whose survival depends on the Tanzanite business from the Mirerani mining area in Simanjiro District in Tanzania have a reason to worry due to skyrocketing operational costs, coupled with dwindling production. The Tanzania Mineral Audit Agency, in its 2012 - 2015 reports show that Tanzanite mining profit margins were negative, including investment costs to maintain future production. With output quickly dwindling miners aren't even covering their costs.
Tanzanite is found in only one spot on the planet, the Manyara Region in Northern Tanzania near the city of Arusha and Mount Kilimanjaro. Found in 1967, the stone was initially cheap and was used as a substitute for more expensive sapphire. Over time, as the deposit was depleted, trade interest in Tanzanite grew. The stone is noted for its remarkably strong trichroism, appearing alternately sapphire blue, violet and burgundy depending on crystal orientation.

Today tanzanite is a very popular gemstone with an ever increasing price.