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Re: WhoaNellie post# 673

Tuesday, 09/16/2014 2:29:48 PM

Tuesday, September 16, 2014 2:29:48 PM

Post# of 1752
IMO one should sell the stock if he is not happy with it or has no faith in the company. If it is a badly-run company then like any other badly-run company it can still be run inefficiently or incompetently, gold or no gold, and the stock would become worthless.

On the September 10 Facebook page, I see:

"Dana Low, URHG's COO on site at Dun Glen reported that
"pit development " at the mine in going well. Dana anticipates the gravel layer that Michael Skopos identified in his geologic report is reachable within the next few days."

If that is so, then it seems to me that any gold recovery in the clean out box would be from the digging done above the Skopos gravel layer.It would be surprising (though it would be a wonderful surprise) if that produced much or any gold.

Low "anticipates" they would just be reaching the gravel layer in "the next few days". That does allow for something unforeseen which might add a day or two to reaching the layer. Then I assume they have to spend some days digging there, and probably a few more days, processing and figuring out what they've got.

Since it has only been six days since the last Facebook update, I think it is too soon to expect to hear much. In fact, what they have released on Facebook looks like a business that is moving forward according to a solid digging plan. IMO, if they do find gold in the gravel layer as predicted by their geologist, then Skopos is a hero deserving all praise, and the company will deserve credit for hiring him.