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Re: Echo115 post# 70124

Tuesday, 09/19/2017 6:03:32 AM

Tuesday, September 19, 2017 6:03:32 AM

Post# of 72901
ECHO: The reply I had many months ago was that the Yield of the tested Ore was too low (on average) to justify the cost of Milling and processing the entire stock. It was overall, just a few percent. Bob will back this up if you care to ask for some figures?

Neither Bob nor Don will spend their Vacation Money on that 1000 Tonnes of low value Ore until the price rises sufficiently to justify the cost. 'Waxy' before you lead off about 'vacation' Money, don't forget they are funding the company from their own pockets and not directly from the business, so this 'continuous personal funding' will certainly dent their own private Bank Accounts!

These guys either have vast amounts of cash to continue funding the company for almost two years, or the running costs are so low as to be hardly significant. With no sales of anything, their private cash won't last forever, so my guess is that running costs are sooo low, it rather proves they are not 'moving on' to risk their personal cash on anything costly that won't get their money back again. Unless they are both Multi Millionaires, which I very much doubt, they will drizzle money into to it via what Investment comes in. It's what it's for!! Private cash? LOL,

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