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BNN reschedules GATA Chairman Murphy for interview Friday
5:40p ET Monday, September 20, 2010
Dear Friend of GATA and Gold:
Cancellation of GATA Chairman Bill Murphy's appearance on Business News Network in Canada this coming Friday afternoon resulted from a misunderstanding at the network and his appearance has been restored to the network's schedule, a BNN executive producer said today.
Last week GATA's broadcast scheduling agent was informed by another BNN producer that Murphy's appearance had been canceled because GATA was "too controversial." But e-mailed protests from GATA supporters got the network's attention over the weekend and in a telephone call today the executive producer of the "Trading Day" program told Murphy that the network welcomes discussion of controversial issues and still wants to interview him. That interview now is planned for 3 p.m. ET Friday, the eve of the Toronto Resource Investment Conference, in which Murphy and your secretary/treasurer will be participating. (See the link to the conference's Internet site below.)
BNN has an excellent program archive at its Internet site so with luck people who are not able to watch the interview live in Canada on Friday afternoon will be able to watch it soon afterward on the Internet. We'll call your attention to it.
We're very grateful to everyone who contacted BNN to urge the network to reconsider the cancellation, and grateful to BNN for its openness to telling GATA's story.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
Join GATA here:
Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
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Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com