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Re: None

Thursday, 08/28/2014 1:09:58 PM

Thursday, August 28, 2014 1:09:58 PM

Post# of 115459
a few thoughts:

1. Agree, the USGS is not something to be relied upon heavily. I have friend that works for them, and the info is just a summary of previous findings from a variety of sources, some good, some bad.

2. The pr, imo, shows forward progress, much further along than a month or so ago.

3. I continue to be concerned about economics, as they appear to limited to how much material they can haul out. Best economics are when the plant is running and being continuously fed. This also helps in determining what you are mining is worth it.

4. Until something significant happens, IMO, we will continue on a slow steady downward trend. Don't see us being at a penny again for a while.

5. Catalyst, discovery of large nuggets and/or a record of continuous production, even if not profitable. Profitably obviously is a game changer.
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