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Re: Rhinegold post# 58803

Monday, 11/23/2015 2:09:03 PM

Monday, November 23, 2015 2:09:03 PM

Post# of 71937
There is NOTHING LUCRATIVE about Shadow mountain.It is no longer part of Canwealth's portfolio of claims.The website clearly states that Canwealth presently has one claim,and that is not Shadow Mountain.Besides if Shadow Mountain was so great it would have been mined years ago.
As for Jedda he is not the financial director of BDC,but one of 500 such Senior account managers at one of BDC's 3 divisions.His role at Canwealth has yet to revealed as no one has heard anything from this guy.As for Caumartin,if you look at his resume he has not held a postion for more than 3 years,is not registered in Quebec as a geologist and has not issued a public statement since his alleged appointment 18 months ago.No trades again today,no accumulation,by definition as some claim here.This scam is dead money with a year end tax loss as the only option here.
That $11 billion AGAT estimate is totally bogus as metal prices were at least 50% higher when that was taken and it doesn't consider the enormous amounts of ore needed to process to get to that number...millions of tons in some cases! A REE mine costs between $500 million to a $1 billion just to start so where does a mining company like Canwealth with heavy debt and minimal assets pull that off??And at present REE mining does not exist in Eastern Canada.
Add to this the fact that the CANWEATH CEO in 10 years has yet to produce 1 penny of revenues from any of his investment ventures...NOT A PENNY!!and he has no background in MINING!
Save your money!don't believe the BS!!