Friday, October 28, 2016 7:20:37 AM
Looking at management; there have been some bad mistakes, horrible really. But It seems that CDG inherited what looked like a real hero mining company ready to launch and start printing money hand over fist. What he learned that he had was a lot less than advertised. But he adjusted and has done some very unusual deals. I am not talking about real estate, that is actually in the corporate wheelhouse. It was a surprise when AMT agreed to do the exploration for shares instead of cashola. And now, we have learned that another company is going to spend THEIR money to process OUR ore. Actually, they will be spending government money but that still isn't coming out of CMI's pocket.
How about that! AMT says I'll drill for shares and the other guy, Cycladex Inc, says here I've got 700 grand from Uncle Sam to fine tune my processing techniques. We get the processed precious metals and they get the research and development results. I've been sitting back waiting for someone to comment on the Cycladex story.
That is a real science fiction theme. I mean nanotechnology for mining was only imagined a few years ago. Now cycladex has not just a government grant but three of the big chemical companies are participating in this research project. They are going to use a product called alpha Cyclodextrin which is already currently marketed for a range of medical, healthcare and food and beverage applications for weight loss purposes lowering LDL and triglycerides, lowers saturated and trans fat in the blood improves how the body uses insulin, makes one feel full and improves the Glycemic indes. Sounds good for folks who are battling bad cholesterol, are diabetic or just want to lose weight but how does that translate to leaching the gold and silver out of the ore?
Apparently it is good medicine for the individual and maybe good medicine for CMI.
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