We remember that famous line from the movie “Wizard of Oz”. What we haven’t done is try to understand what the allegory meant. While the Yellow Brick Road gang was being addressed by the Great And Powerful Wizard Of Oz, the dog Toto ran off to the side, pulled on the curtain, and showed that a normal-looking person was operating cranks and levers. For a short while, the normal-looking man kept yanking levers and cranking cranks, and said into the microphone “Pay no attention to that man behind the curtain!
In other words, he wanted everyone to keep being impressed by the big flashy magic show, and ignore that they might have found out how the trick really works.
That smoke and mirrors magic show goes by many different names, the dog and pony show, the shell and the pea game, the three card trick and innumerable other variations for the illusionist to draw our attention aside while he manipulates the orchestrated trick.
We have a new contender on the scene vying for the title of “the Great Wizard”. The new contender is none other than the new entrants into the mining industry. Their stock in trade is not production or product of any tangible asset but more in the area of control of our National and State public lands. They have found levers and cranks and wheels to turn to produce the magic show and dazzle the American citizens, politicians and businessmen.
They throw money around for public relations fully understanding that it is seed money which could perhaps generate a bumper crop for them as individuals. They all have fancy titles and very large compensation packages which are financed primarily by selling stock to people who wish to make a quick killing. They know and understand that if they can get the permits required, the proposed mining claims become a marketable product. It’s marketable for one simple fact, the laws are being bent to get control of the public lands and if they get that control they have hit the jackpot. Under many circumstances they will walk away millionaires even if they do not get the permits. Rosemont Copper is an example of this, the top five executives of Rosemont copper have become multimillionaires simply from large compensation packages which are financed from the stock sales.
Example after example of the smoke and mirrors can be found in the statements of this new generation of copper companies and certain key phrases are utilized to pacify the American citizenry. Who has not heard the phrase “21st-century mine”? How about the phrase “we want to be good neighbors”? There is always the phrase “we will sue you” when they are caught with their fingers in the cookie jar.
Personally my favorite is when Dan Ryan and Rod Pace of Rosemont copper claimed to be:
“The Number Two Tourist Attraction in the State of Arizona”
I pay attention to the man behind the curtain and my advice would be for you to do the same, and by the way Rosemont, it’s the 21st century already by 13 years.