10-Q, 8-K ON FILE. UPGRADE FROM PINK TO QBAll the right moves.

Greetings,

Any opinion about a specific stock or it's management or promoters is acceptable and valid on these forums.

Due-Diligence and Opinion are two different things. Due-Diligence claims will be backed up with evidence whereas opinion generally has no valid basis that can be proved one way or the other.

It is more a question of the reputation of the poster at risk here than anything else.

Those who provide solid data that can be researched and validated are the most sought after gurus found on these boards. Those who shoot from the hip never build a following and their opinion is deemed worthless.

Personally and strictly from purely a greedy perspective, I would like to see SHSH fall to .06 or below. I have buy orders in better than that and will keep buying it and buying it. The share structure alone should be enough of a clue about the true value of this company.

I have not found another company with similar potential productive assets selling at these multiples. Just about any productivity is going to send the pps flying. If you look at the properties that are currently supposed to be under production and project the income it isn't difficult to get this thing to $1.00 per share. However, I think these guys want to build a $5.00 company and it looks like they are making all the right moves.

Good luck to all and enjoy your profits.

10Q filed August 10, 2012. Access via Filings section for this board.

Trying to buy some but get passed over and left in the cold. Time for a 10Q one of these days maybe. Production maybe?

I believe Van Voorhies was brought in to find the buyer. Do you have any Idea when the 10Q is due and do you know for sure what the O/S is now?

Do you know the true share structure? Was around $50 million and the 10k said + about $50 million exactly like that. Totally incomprehensible. The next 10Q ought to be interesting.

I'm pretty sure I know where you are coming from and certainly don't expect a glowing report. If the fraud squad is right then this is one of the most prolific and successful group of scammers to ever escape prosecution in the history of mining.

Even in light of the knowledge of the background of the principals, there are very credible insiders and professionals with no connection to the past who believe the proposition and the scientists who are inventing and proving up the process.

If that can't be done wherein the former principles really have no input into the development of the process does it prove that the intentions of all involved are false?

I don't think so. I think that the scientists, engineers and professionals who are now in charge are honorable folks and believe in the process they are developing.

Additionally, I find it odd that LUXOR would put up another $4 million to move the project to it's conclusion without some believe that the process will work as it is scaled up.

Nevertheless, there is a lot of room for skepticism but I think now days it is more from the fear that the final process won't work for some reason rather than the credibility of the founders and the geologists findings and reports in the past.

A more interesting study at this point in time is to learn who exactly owns all the stock in this company. I think there are two original stockholders who own over 40 million shares of the company and were recently disclosed as insiders but I'm not sure. This could explain why Luxor and other recent large investors have put up so much money to keep it going.

In any event the accountants have now put the resource value of the slag pile on the books so they must think the extractions process has been proven up enough to be able to do so. Probably a good idea to check this out. I think that is why the pps moved to where it is today to reflect the value on the books.

It is obvious that the fraud squad can dig up a lot of dirt from the past on some of the folks associated with the project but I am more interested in learning about the people running the show today.

I am looking forward to the exposure of any real proven findings. Guilt by association or unfounded inferences won't scare anyone away from this deal. There just aren't that many little guys in this. The big money in this have put up a huge firewall of credibility in recent years. They do have something to protect. Especially the guys who have 40 million shares at .03 if that is the case.

Good luck in unveiling the truth if it isn't already on the table.

I will be interested in hearing your opinion.

The projections are in the press releases associated with the acquisitions.

Noteworthy is the JV with a gold producer and a silver mine near an existing mine the company owns. Additionally the reopening of the Rescue Mine to gold production. All of this as we write this in 2012.

Other than that, the company plays it close to the vest as far a release of any interim production data.

I doubt that we will learn much until the next 10Q that should be in July or August.

Very little is known about the potential from the Rescue Mine. The silver mine resource is well defined as well as the gold mine JV.

The most important fact is who is now running the company. A big departure from the laize a fair management of the past. These guys built US Silver from nothing to a $1.00 per share company a few years ago.

I think this is worthy of your studied DD. I hope to buy more at what I perceive these very low prices. With the favorable share structure any reasonable production should move this one pretty fast.

Good Luck.

Hey there, I am not sure what you mean by fun. I have been involved with this project from 2002. Long before I knew anything about penny stocks let alone gold stocks.

Most of my investment came in 2008 as a result of the sale from Verde River Iron Company to SRCH a few years earlier. The majority owner of Verde River (now deceased) was a business partner of mine in other businesses. He had been involved in the project from the late 1980's.

He was responsible along with his partner in Verde for bringing in Bob Gunderson who developed the first "chemical separation process" in a pilot plant in Phoenix. The process actually worked in the lab and formed the basis for the Ager and friends to raise the money through SRCH to expand the concept. That expansion ultimately didn't work. Ager and friends resigned from management and a new team took on the task of finding a way to get the gold out of the slag.

If you go back to the filings over the years you will find lots of material on the progress and lack of progress in developing the process.

At this point in time the current process actually produces gold from slag in relatively small quantities utilizing the application of an autoclave. The company has purchased a large autoclave to ramp up a pilot production program over the next few months.

The consultant who is running this phase of the program is supposed to be a world rebound autoclave expert who apparently believes that when perfected the system will become a commercially viable operation.

There are of course many who just don't believe that this is a viable project and cite numerous reasons why including it's connection with individuals with past failures and technical difficulties including the inability to test assay using fire assay techniques.

Even in the face of this reality, major institutional investors continue to support the company with millions of real dollars to continue the work of proving the process works and creating a bankable feasibility study.

How long this phase of the program will take is unknown. Years ago, prior to the first failure, the company would file elaborate documentation and projections far in advance of flipping the switch to see if anything worked. They don't do that any more for obvious reasons.

I guess the way to look at this is that we find SRCH is in the final stage of proof of process of an experimental process to separate metal (primarily gold) from iron slag.

In my opinion, this transcends any opinion about whether or not some of the early players involved in the management of the company may have been involved in questionable activities or whether or not some technical analysis can be applied or not. None of these folks are now directly involved in management and the jury is out as far as opinions about technical analysis.

The process that is now being developed is either going to work or it's not. The cash is available to make it work or not and a team of experts has been assembled who have already created gold from slag in small quantities utilizing the autoclave system and believe they can scale it up to a commercially viable outcome.

With all this in mind, I maintain an investment here and hope for the best.

There is no telling what this company is doing except for the filings. It seems that it has always been a stock held close to the vest so to speak.

I don't think management is going to release any news until there is something in it for them.

We know there are three projects underway and probably two of them producing at this time but they are not screaming about it from the rooftops. Probably won't until they can take a lot of pictures and get them on the website.

Because of the current share structure, even the most modest revenue production can easily move this one into the $ range and probably multiple dollar range. If this is true then .07 is a great price. Because of the low volume it is most likely the market makers are buying up anything that comes on the market.

UNUSUAL VOLUME

FELLOW TRAVELERS: It's time to get this turned around. You know what to do.

Easybet.

Bid stacking could be a set up for a nice run. Watch the L2 and prosper.

RADAR N is a real deal folks.

Typical Market Maker manipulation. If investor sentiment is negative it is easy for them to play this game. Good for us if they get it down so we can accumulate millions of shares very cheap. The reverse happened when the company unveiled it's NASDAQ promo.
The mms saw the advantage in potential good news and pulled out all resistance to a point. If you can't bead them then join um. Make money in the process.

What are you trying to say? Sounds to me that DGRI wants to be in the business of correcting these hazards to humans and the environment. You know, similar to teaching folks to drill wells and irrigate the land to grow crops.

Playing this game will require some dues to be paid. Doesn't matter if we are wise are foolish. We are psychologically wired to think and do the opposite of what we should do and until that malady is overcome we will lose money over and over again.

Unfortunately it is difficult to learn this game without doing it. The forces that are working against us are mind boggling but must be reckoned with every day.

Plan on paying some dues.

And all of your examples are very much in play and probably will be for a long time. If there is no down there is no up and we need them both to make any money we can keep.

They are all on my watch list and I am ready to push the buy button at a moments notice.

Good luck and good fortune.

I thought you might approve. You know I have always been interested in the financial well being of investors and if I see opportunity I will always tell you.

DGRI is an opportunity like we have never seen from this management and this company before.

Much has been accomplished to reach this point in the evolution of DGRI. The point is that now there is little or no struggle to face in developing resources in Nicaragua or Basin Gulch. It is simply about finding and employing capital to see what you are working with.

The gold is either there or it's not. Period.

The odds are now much better than they have ever been for these guys to succeed in Nicaragua and Basin Gulch. Not much left to rant and rave about except get to work, find gold and exploit the resource.

I own stock in three gold mining companies that I expect to gain over a million dollars from my investment in each of them. They are all behind schedule but all have made great progress and they will succeed.

My sympathies for your sentiment but in my opinion now is the time to buy, not sell. I really hope to see the drop to .0005 because I can pick up a million shares for $500. May even buy more. Brings my average way down. That isn't to say that I won't play the swings if they qualify and can make a profit.

I don't necessarily like averaging down but in this case the spread is too great to pass up. In my case this type of play can end up cutting my cost basis by 50% so a 10 bagger from the bottom will make me whole. Probably by September.

Now, I shouldn't have let myself get in this fix in the first place but some of us are slow learners. I am doing everything I can to learn the ropes around here and I have to admit it has been a steep learning curve but very satisfying.

Think strategically and grow rich like so many who have come before us.

Good Luck

If you are an exploration gold mining company that is headed into production with some future acquisition or current asset there really are no grey areas. Questions to be answered for sure but the answers always lead to black or white. The process is that you are getting ready to get ready then getting ready and finally you are doing something to produce something and then you actually produce something. All of this needs to be financed and managed by people who know what they are doing.

I once worked for a man who was 60 years old at the time and said that for his entire life he struggled to succeed in business. Finally he started up a new company with a fresh idea and succeeded beyond his wildest imagination ultimately selling the company for over $30 million to the Japanese. At the first annual convention he told the story of how his company was built on a mountain of failure.

It's kind of like tying up property and exploring the resources until you find a winner but knowing that the odds are against you and your investors. Success comes after much failure. Much hard work and much dedication.

Will every company succeed? Of course not but I will put my money with those people who can take a punch and come back fighting. Remember that fighting this battle means continuously creating financial sustainability so if you need to you can get back in the ring over and over again.

Dan and Ranuu are back in the ring fighting the battle for themselves and their shareholders and maybe, just maybe they will succeed beyond our wildest imagination. Are you willing to risk not being in the ring with them?

With their ability to raise working capital there is nothing they can't do.

I have always enjoyed the board, just ran out of time and needed to improve my education as well as my net worth in penny land. When something material happens I will pop up and play the game.

With Pleasure

The net earnings multiplier of anywhere between 10 and 80 will be applied to the net earnings to determine the value of each share of stock. The multiplier is really the inverse of the expected return on investment expected from any unique stock. There are industry standards and ranges that can be found in Yahoo Finance and other locations.

The average net income multiplier for NYSE listed stocks ranges from 13 to 15. For speculative gold mining stocks 5 to 40. Last year we concluded that stocks similar to DGRI averaged about 20.

Therefor a net income multiplier of 20 applied to .005 earnings per share is $.10 for 1 billion outstanding shares.

Given the companies projections, the eps will range from .005 go .02 or $.10 to $.40 early in the first year after production begins in the third Quarter of 2012.

DRCAL has said many times that a mining company at or nearing production can be expected to be worth $.50 per share on a bad day.

You all know I don't come around here to blow off steam. There is something really different going on here and the price to play the game is right.

Can't make the conference call tomorrow. To clear things up someone find the details about future financing and what the expected discount will be. The speculation needs to stop.

Thanks for your time and good will.

SRCH: Searchlight Mineral Company 10Q

http://ih.advfn.com/p.php?pid=nmona&article=52436793

What is significant? The value of the gold and other metals in the slag pile is now recolonized on the books. The reason is because the consultants have actually produced gold utilizing the developed process. If that were not the case the accountants would not let them include the value on the books.

You don't not want to accept the explanation the company provides on the inability to use Fire Assay as a method to determine the quantity of gold in solution or otherwise and that is your right. Nevertheless, more than one geological engineering firm has validated the problem and have used other methods to assay the metallic content of the slag in replicable tests.

If you are not satisfied, so be it. I hope it's not to much of struggle. You need to know that the company cannot release material data to one shareholder or individual without releasing it to all shareholders at the same time. And, any company must release any material or significant data that may have an effect on the value of the company sooner or later.

Frankly, I believe they have done a pretty good job.

The next step is to validate the commercial scale up of the process, preparation of the bankable feasibility study and raising the capital to build a prototype and then a full scale operating plant if management chooses not to sell the company first.

Because there is a major New York hedge fund and several wealthy individuals invested in the company, I doubt there will ever be any problem raising the capital to proceed even if the slag has never been subjected to "fire assay".

I believe you are right about the potential.

This is an historic week for DGRI. It is likely that the events that unfold will be of significance to all shareholders.

With this in mind I wish all much prosperity and good will now and in the future.

To tell you the truth I am afraid of nuts and kooks and you should be to. I guess you just haven't had enough personal attacks to be wary of those who would like to tear your head off because of what you have to say.

One of the games played around here is to expose and discredit. You expose your identity and you will be exposing yourself and your family and the consequences could be unpleasant.

You need to realize that there are people world wide that have a vested interest in their positions and can and will stop at nothing to make sure they get what they want. These folks don't play by the same rules that you an I live by.

Therefore anonymity is a good thing when the conversation becomes controversial and derisive.

There are many different kinds of banks. I was primarily referring to investment banks.

An EIR is the best way to handle adverse views if there is a chance there will be any. The engineers will provide for the necessary mitigation measures if they are needed and therefore head off any public outcry and form the basis for a legal defense if that is needed.

I'm guessing that there won't be any measurable runoff that can pollute the river or the groundwater and that the only thing you can really do is monitor the conditions during the reclamation process and correct deficiencies along the way.

When you have $20 billion worth of gold in the slag pile, money is not an issue. Over time that is what it's worth.

There isn't anyone around here who doesn't understand the speculative nature of this investment. My question is, Where were you guys 4 years ago when this thing cranked up and tons of money was sunk into it by some very large institutions? Even then, they were betting on the first attempt at developing a successful process would, well, succeed. but it failed. Why the devil would they dump lots more money into it if they didn't think it could ultimately be successful?

Do you think they didn't have independent engineers and professional swarming all over this place to try and figure out what happened?

They ended up firing the CEO and putting the old guard out to pasture as best they could.

The rest is history. Regardless of your bias and rigid notion that fire assay is the only way to prove the existence of gold, I would suggest that you visit a few of the other slag piles in the neighborhood and test your theory. Scoop some up and get it tested.

Additionally, we are not only talking about liberating gold from the slag. Silver, copper, zinc, silicon and iron are derivative and are to separated in solution and reconstituted to a solid. It appears from the presentation that this continues to be part of the process under development.

Have a nice weekend.

By the way, you may consider not using a photo of yourself in anonymous message boards, if that in fact what you have done here. This is no place to expose your identity in any way whatsoever.

If I remember correctly SRCH made a deal with the City to use some of the the excess property, about 200 acres I think for the discharge of effluent of some type from the plant operation. You can look into that while you are researching the conditions imposed by the Use Permit. I would be surprised if compliance with Arizona Water Quality conditions were left out of the process.

Whatever the conditions imposed may be, one thing for sure is that no run off will be permitted into the Verde River. Most states have laws similar to California where agencies must respond to applications, hold hearings regarding the environmental impact of a project, etc. all within specific time frames. If I was applying for a General Plan Amendment or Rezone it might take 6 months to a year for an Environmental Impact Report to be completed. My guess is the EIR for this case will take about 90 days to complete given it is a single purpose report. I will be prepared by outside independent engineers who are commissioned by the owner and approved by Water Quality. The hearing process should take about 3 to 6 months if they do it right.

It will almost impossible to refuse the permit if the engineered remediation and mitigation measures are scientifically proven and sound as you well know must be the case or it goes no where. This is not a pioneering effort as these measures have been employed world wide for many years.

By the time all this formality is completed there is likely to be a number of big name suitors who will want to buy the company. Frankly, I think they have already been coming around. Actually, there is one I know of that has a huge commercial Autoclave operations nearby that is now idle and needs some work. You think these guys aren't watching what's going on here?

After reading the presentation very carefully we can now understand the why the timing of events is running slower than we would like. It has everything to do with the burn rate of the cash at hand and the expectation that the outstanding warrants getting ready to expire will be exercised and provide a large cash infusion that will carry the company through the next stages of development to the final conclusion that remains the ultimate proof of a continuous production run in a much larger autoclave than has been used in the past. And the development of a comprehensive bankable feasibility analysis.

So, the pace of development has always been and will continue to be the availability of the cash to continue to do the job and that seems to be well taken care of by management. Now that management has significantly increased it's share of company stock I would expect that things might move along a little faster in the future.

By the way, any environmental issues must be covered in the bankable feasibility study or no bank or investor would stick one more dime in this thing. In fact the guys who will exercising their options at $1.75 plus are going to want to be pretty sure they are getting what they pay for and because of this you can expect the stock to shoot well past $1.75 one of these days.

Well, what do you know, the fraud squad shows up and the stock bottoms and jumps 20%.

I think I will start following you guys around and take advantage of the swing in prices you create just by being there with your comments.

I wonder if this activity is anything like the card counters who have been banned from casinos everywhere because of their secrete and clandestine manipulation of information?

I think that everyone knows that when outcomes become predictable it is easy to spot causes and that connection is exactly what the real fraud busters are after. You know, the SEC and Dept. of Justice, folks like that.

I am interested in preserving IHUB in it's present form without interference from regulatory authority. It is probably a good idea for all contributors to these boards to contemplate how their actions may jeopardize this free and open forum by drawing unwanted attention.

If and when experts need to be hired to solve problems if there are any, I am sure that has been taken into consideration. If you take a look at the Conditional Use Permits. I am sure you will find that the City of Clarkdale has noted every agency that will need to be concerned about any environmental issue and their jurisdiction. After all the City is the lead permitting agency and must conform to all local, state and federal laws in the permitting process.

Therefor, instead of working so hard to make people wrong in the attempt to discredit them, you might consider digging up the facts that are readily available to you by contacting the City and reporting your finding here.

I attended the city counsel meetings where the permits were granted but that was so long ago that my memory about the details won't do in contravention to your claims so it's better that you do your homework and bring forth the real facts concerning the City's requirements.

That should clear up the environmental questions you might have and relieve us all of the need to deal with a meaningless barrier that seems to reside in your experience somewhere.

Read the annual meeting minutes to learn when the feasibility report will be prepared. It is after the confirmation of a large scale autoclave production run. The large autoclave has been purchased and will soon be installed to begin the production run according to the annual meeting presentation.

This is no longer about the feasibility of the process producing gold, that has been proven, it's about the feasibility of creating a commercially feasible continuous production run that can be scaled up to a 2000 ton per day operation.

If you look around you will find autoclave systems in use that fill huge buildings and produce a lot of metals. The use of these systems is not a pioneering effort. The application must be considered experimental until a commercially feasible run has been proven. The better question is just how long it will take to reach this conclusion.

You guys think this has been going on for about 5 years. My first introduction to the slag pile was in 2002 and my partners was in 1987 I think. Up until recently it was never technologically feasible to isolate the metal from the slag. After many years of experimentation and the contribution of lots of capital the last stages of development of a process to isolate metals seem to be at hand.

If that is the case, SRCH will make a few people very rich.

I can't tell you how happy I am that you boys are coming around SRCH more often to talk about Searchlight. And as long as the subject remains Searchlight then I have no objection.

I know you don't realize this but as long as I have witnessed your rants and raves about what you consider scams and the details you provide as proof is no less than a blueprint then if you wrote a book on the subject. Over the past year we have seen real scams take a lot of money from the unwitting investor following the blueprint offered by the scam busters on these boards. I do hope this knowledge gives some pause in as much as the result is the opposite of what is professed.

Maybe the real reason the share price is where it is, is because there are only 131,000,000 outstanding and 200,000,000 authorized. Unlike most OTC miners who don't hesitate to run 500k to 5 billion shares and dilute as much as they can as fast as they can.

By the way the Preferred can serve two functions. It can raise the money to build the operating plant if it becomes feasible and management has the guts to do it, and can be used to fend off a hostile takeover. Either way it's not a burden to the common shareholders because it's trading dollars for hard assets either to create production or provide the financing for a buy out company to create production.

There is a ubiquitous complaint about how much start up management earns to get a company started and keep it running. I think that usually comes from folks who never did make much money. Folks who never had to go begging for financing. In the real world you get paid what you are worth. Even if you win some and lose some.

So, you think that selling stock at market with a 15% discount is toxic? Looks like a sale at market to me not a convertible note as you suggest. In as much as the company raised many millions to finance operations from one investor is quite remarkable considering the price was pre established at the 10 day average when the option is exercised.

To my knowledge there has never been one toxic convertible note sold by this company. All bulk sales of stock have been discounted within commercially reasonable guidelines and fully disclosed before they were consummated.

The only thing anyone could ask is to please get your facts straight.

The road is a condition imposed by the City of Clydesdale and must be completed prior to commencement of operations. The condition was imposed before SRCH was involved in the project.

You can be concerned all you want about disturbing the slag but the State of Arizona EPA and the City of Clarkdale as well as the Water Quality Control Board have no concerns. The slag is a solid and will be transported to a processing plant either on site or offsite. Additionally, it rains on that pile every year and there doesn't seem to be an toxic runoff caused by precipitation. Even if there were, it would easily controlled. It's been done thousands of times before all over the world.

The 250 ton per day production module failed and that is why the POX autoclave system has been employed that has been thoroughly explained in detail by the company.

Take it or Leave it as you will.

If you comments have the effect of further lowering the price of the stock you are doing us all a big favor as we are able to buy more cheaper.

Thanks

The analysis to paralysis subsequent to the annual meeting is amusing. We all know that anyone can slice, dice and slant data and information to draw totally opposite conclusions from the same information.

Seems to me that as far as the postings on this board are concerned, no one has been convinced of either position and it is likely that won't happen here one way or the other.

I have not been involved in a penny stock investment that I didn't love and hate at the same time. That is particularly true for mining stocks. Nevertheless this investment arena has allowed me to earn a substantial return on my investment. The fact is you win some and you lose some.

Furthermore, it is well recognized that about 95% of all penny stock investors loose money. So if anyone thinks they have a chance to make money here better learn the ropes. If you don't, then you are better off in CD's.

Like most speculative penny stocks, SRCH must first be considered a short term investment with the possibility of long term potential.

The way I look at penny stocks is I allocate funds for the possibility of a potential long term investment but play it like it like a day trader.

With this in mind, most of us should have been out at $2.00.

Unfortunately, most of us are wired to fall in love with the long term potential, thinking that the rocket will take off at any moment and we will be left in the dust if we don't hold the stock. Conversely, we don't know enough about price movements and what drives them to make a rational decision about when to buy and sell on the swings. Calling the bottom of a swing and buying more is just as important as calling the top and selling to secure a profit.

SRCH has a great story and great support and will most likely always make money for it's investors.

Try and get some more of this before it makes the turn.

Good Luck all!

The report states that the testing has definitely produced gold from solution in a small quantity. There is a picture of a gold bead offered as proof. The challenge now is to find the best method to extract metals that produce the maximum results for each metal considering that the testing of the pregnant solution produced results of .02 to .62 oz.Au.

It really doesn't matter what you think about the methods employed to reach these findings as long as they are certified by licensed professionals and companies who have something to loose if they promote fraud. In this case there are numerous qualified operations consultants, qualified persons, companies and labs involved in the development and perfection of the process.

The opinions of outside observers cannot be trusted because there can be no verification of the motive behind the opinion in an anonymous setting such as IHUB.

I would give it a slim chance that in unison the folks who have worked on this project have taken us down the primrose path to mine our pocket books.

The likely outcome is that several methods to extract metal from solution will be found because it is not uncommon in laboratory science to use the method of grinding something up, suspending it in solution and applying reagents to reconstitute the materials to their final useful consistency.

Right now, you and I know what management knows. What they know is that the engineers and consultants have told them that they believe it is feasible to extract the metals from solution in large quantities and that the company has enough cash and resources to finalize this task and produce a bankable feasibility study.

When this part of the process is complete, the asset value of the gold in the slag will be about $2,500,000,000. (Billion). At a minimum that is $15.00 per share.

To let the train leave the station on it's way to that number would be a shame.. Go back and look at the Frontier Chart just before the buyout was announced. Straight up from Penny's to $14.00.

Simply from an Investor ROI point of view, you can pay $3.00 per share and make 5 times your money. Frankly, I don't know why it isn't there now. If the company builds the plant, the projection is easily over $45.00 per share. Over 30 times your money from today's price.

Either way is ok with me.