InvestorsHub Logo
Followers 28
Posts 5779
Boards Moderated 0
Alias Born 01/07/2007

Re: Bayguy post# 46911

Monday, 07/28/2014 10:33:52 PM

Monday, July 28, 2014 10:33:52 PM

Post# of 71937
Those are NOT assets!!1That's a 3year old assay report.You have no idea how much it would cost to mine those minerals!!The Cerium alone requires 25 MILLION tons of ore to recover that mineral.Do you know the costs involved in extracting and processing 25 MILLION TONS?????That goes for all those minerals.Mining is a very expensive business,no place for a start up with no REAL assets!!!!!
From that report:
"The cerium values are in the range of 185 ppm with gold and base metal credits. It indicates an inferred resource of approximately 25m tons of mineable ore containing approximately 10.2 million lbs. of cerium."
Don't be fooled by what you read here!!!Look at the details!!!!!