is not your daddy's uncle no matter what your sister says
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If I was a guy who wanted to buy a gold mine........how much would I pay?
Oh man, you're putting it back into my wheelhouse.....bring it it MM
take my option friday.....what's it gonna be
what business? It's all about the gold here, right?
SWEET even grandmas holdin
Dude, I think its going to be a real merry xmas....
..what she never understands,is a little goes a long way..........I just keep calling my electors...TY Dr Bob and "uncle" DickC........
The eyes are upon us now!
Oh Zen broke late? zzzzzzzzzz
That's alright, drag us through the mud...I told all of you about the "sector"(my ass), there is no sector for this company.
Oh wait
BIOPHARM..........Traders suck, Investors gain.......I'm holding the post back.
Its going to start this quarter IMO......
relax
What board are you on? We're a BB not pinky. You'll get your notice.....Good or bad
Now that's an un fun chart.......
All I see is a bunch of white knuckles around SFIO stubs......I like it.
posted by ctine2020, 10/22/10 answer to Royal Gold...
NASDAQ's Royal Gold, INC Stake in FGOCQ
ROYAL GOLD's WEBSITE: http://www.royalgold.com/
1) Royal Gold, INC owns a 4% net smelter royalty (NSR) on FGOC's Relief Mine.
Page 21 here:
http://reliefcanyon.com/uploads/MDA_Relief_Cyn_43-101_2010_Final__2_.pdf
Also noted in all of Royal Golds financial statements including Royal Gold's latest 10K from August 2010 on page 10 of this PDF:
http://b2i.api.edgar-online.com/EFX_dll/EdgarPro.dll?FetchFilingConvPDF1?SessionID=T-43HxPnhRMBo-9&ID=7435269
2) Royal Gold considers Relief Caynon to be a development stage mine, 1 step below production mine, 1 step above exploration mine. They note that development stage mine means there are proven reserves to be mined, whereas exploration mine means they are looking.
3) Royal Gold does not want to lose this 4% NSR, and that will occur of FGOC is abolished. What can they do? Come auction time they can finance FGOC. Why finance FGOC? FGOC has 430,000 ounces of gold in the ground. What's that worth? We know that Relief Caynon is projected to have a mind life of 4 years at about so that would be about 110,000 ounces of gold per year mined. If gold averages 1300/oz over the next 4 years that is that is $560M in revenue and a NSR of $22M for Royal Gold. You think they want to leave $22M on the table like that? No. In fact, if they finance and reinstate FGOC they will likely increase the royalty to 25% as in the example below. Note in this example they don't even want an ownership stake, just the royalty.
4) Here is a perfect example of what Royal Gold does. On July 15th, 2010 they financed over $300M dollars to a mine in need of a lot of cash like FGOC (we need $32M to pay off debt + a little more to begin ops, $40-$50M total IMO) to recieve 25% of the gold stream revenue.
http://www.b2i.us/profiles/investor/ResLibraryView.asp?ResLibraryID=39322&GoTopage=1&Category=1822&BzID=856
THE NET RESULT OUT OF THIS AUCTION IS THAT ROYAL GOLD, LIKELY THE COMPANY WITH THE MOST MONEY TO SPEND IN THIS SITUATION, HAS THE MOST VESTED INTEREST IN REINSTATING FGOC. THEY SUPPORT MINES ALL OVER THE WORLD, IT IS WHAT THEY DO.
What if gold averages 2000/oz?
Some nutballs say 4000/oz gold in just a few years. It all depends on where you personally think gold is going IMO.
Just the first day right....we'll see what happens, senator Kohl didn't sound too happy
Blaming it on prescription drugs too....No wonder the sheepole are so friggin confused.....DAMN
Man I'd be more than happy to see and hold a nickel... I was talking about some other dreamers here. Just wanted to let em know I'm with 'em. Go SFIO
Score 1 for Mr. Kohl
thanks mrgooch just got home an flipped it on now
Wow nice day here. Hope everyone here sucked up the cheapies or averaged down enough to make this next run profitable. Bet whoever let loose that 2mil at the bell the other day wishes they were around a wee bit longer.hehehehehe.
The way some of you are talking would make this the next new millionaire club, I'll be a proud productive member, I promise. GLTYA
now yer thinkin
NOBODY?????
looks like we are going to bed. Fight for your rights everyday citizens.(such a crappy word, citizens) big "z" score.............
TY louie and the oak you're sporting.......TY.......someday I will be able to tell another man...as if they were not aligned already. Next two is what we do....Now that all of the children have grown up
I use cement board...gonna start looking for gold in all my cutouts....
Man get rid of the monkey.... We need a rally Wolverine. Bet you thought they didn't exist either....
Before you start.....You must finish. Just watch, or tune into us next time.
http://www.pbs.org/wnet/nature/episodes/wolverine-chasing-the-phantom/full-episode/6078/
ITS just like holding the golden ticket.....just keep 100 shares for yourself....and you can always find a reason to smile smile smile.........
Borrow from RC.... or somewhere else? Can't borrow from RC right? Sorry if my questions are stupid...over my skis here.
I just don't see a "hill" full of gold going to waste.
Not unless there was a reason for them all to be present.......wink wink
Yeeeeah. 10 yrs. and all these other guys do is pardon their buddies when they leave office.....Maybe this one is truly listening.
Cuz he is very busy....no? Look at how many more opportunities in just the last week alone. My head is spinning, and I'm just a forward looking shareholder.
Trying to file a quarterly on top of all the developments cannot be easy IMO. Especially when you want to do it right. One wrong slip here and Fed comes a tappin'. They have too many cards in place to get it blown down now. If we're above board with them then............These hearings(Leonhart) are going to be big either way.
And you're like "oh well"
hehehehehe
I was hoping for a bit more buzz on that. Seems the nay sayers have nothing to bey about anymore.
I used to hate days off from the real job......CBIS has officially spoiled me.
Well I guess when only a few hundred dollars a day are traded $90 is alot. GLTA, I hope this auction goes well for all our sake.
You got that right. I'm looking at 18 out of 20 losers today (friggin Ireland). Guess which 2 are up
Agreed, we go a little sideways and the flippers are in control. Not very large trades either. Nothing like the 2m dump on our JV partner at the bell yesterday, that had me searching.
I like that I can't set stops....forces me to sell at a profit when I can't day trade
LOL, I get the same thing. Here in Illinois Medical passed the Senate already. We've been riding the Reps on this for awhile. They always thank you for your concern and then they sat on it for like 18 MONTHS NOW. Hell, half the people we contacted are no longer in office. One big political football, and its always 4th and 20 to go. PUNT
Nice find, Wednesday starts the new battle. If we get our way, this would make Prop 19 look like peanuts. Last chance for the current administration to make good on a 10 year old promise. CALL YOUR SENATORS.
Agreed, also know that the MM's can see all the limit orders, so if someone tries to set up some kind of stop they'll run down and gobble it up IMO.
For example, I use ST and I'm not allowed to set stop limits on OTC stocks, so if I think its going down I might put a low limit order in as a "fake" stop (not me personally but someone might). The MM's see the order, buy 'em up, and send it back.
I could be way off base, but that's what it looks like to me.
And a little follow up from Yesterday regarding Ms. Leonhart. This page has links where you can contact your local senators directly by form letter or by phone.
http://blog.norml.org/2010/11/15/the-hill-com-obama%e2%80%99s-pick-to-head-dea-needs-to-answer-some-tough-questions/
30 Facts About Arizona’s New Medical Marijuana Law
Mon, 15 Nov 2010 23:51:31 By: Russ Belville, NORML Outreach Coordinator
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The votes are counted and Arizona’s Prop 203 – the Arizona Medical Marijuana Act – has passed by a margin of 4,341 votes (841,346 YES, 837,005 NO). We’re receiving many calls and emails from people interested in the details of the new law. Here are the highlights of the measure:
The allowable amount of marijuana for patients and caregivers is 2.5 ounces.
IF a patient or caregiver is allowed to cultivate, the limit is 12 plants that must be grown in an “enclosed, locked facility”, defined as “closet, room, greenhouse, or other enclosed area”.
Qualifying conditions: cancer, glaucoma, HIV/AIDS, hepatitis C, ALS (Lou Gehrig’s), Crohn’s, Alzheimer’s, cachexia or wasting syndrome, severe and chronic pain, severe nausea, seizures (like epilespy), and severe and persistent spasms (like multiple sclerosis).
Caregivers must be 21 years old and pass criminal background check for certain felonies.
Caregivers can serve no more than five patients, must keep a card for each one
Caregivers may receive reimbursement for actual expenses – not labor – from their own patients only.
Patients’ and Caregivers’ medical marijuana cards last for one year and will contain their photo, name, address, birthdate, and indication whether medical marijuana is allowed to be cultivated at home.
If the state has not issued a card within 45 days, a copy of the application shall have the same force as the card.
Patients and caregivers must submit fingerprints to law enforcement and sign a statement that they will not divert marijuana to non-patients.
Patients and caregivers may share marijuana with other patients for free, as long as they don’t knowingly cause the patient to exceed 2.5 ounces.
Non-profit medical marijuana dispensaries are allowed.
A patient who lives within 25 miles of a dispensary may not cultivate their own medical marijuana.
Patients and caregivers may not possess medical marijuana on a school bus, school, or correctional facility.
Patients may not smoke marijuana on public transportation or in any public place.
Patients may not drive under the influence of marijuana; however, marijuana metabolites shall not be proof of impairment.
Fees for non-profit dispensaries shall not be greater than $5,000 or $1,000 for a renewal license.
Dispensaries must cultivate their own medical marijuana, which they can do onsite or at one separate physical address
Patients and Caregivers may give marijuana to dispensaries, but not for any compensation.
Neither the dispensary nor the cultivation address may be within 500 feet of a school.
There can be no more than one dispensary for every ten pharmacies, except that there can be at least one dispensary in every county.
The cards or recommendations for visiting patients from other medical marijuana states will be recognized in Arizona, but they may not shop at the dispensaries.
Patients in assisted care facilities can be limited to non-smoking methods of use and only in certain areas; however, such facilities are not required to enact these limitations.
Dispensaries must have a single secure entrance, a strong security system, and no medicating is allowed on the premises.
Dispensaries must track patients’ acquisitions to ensure they receive no more than 2.5 ounces from any dispensaries within a fourteen day period.
There shall be a secure, web-based confirmation system accessible by law enforcement and dispensaries, that reveals patients’ and caregivers’ names but not addresses and how much marijuana the patient received from all dispensaries in the past sixty days.
Non-patients cannot be punished for being the vicinity of lawful medical marijuana use by patients or providing paraphernalia to patients.
Schools and landlords cannot discriminate against medical marijuana patients and caregivers, unless they are subject to federal penalty.
Employers cannot discriminate against patients and caregivers and a positive test for marijuana metabolites is not cause for disciplining or terminating a patient.
Medical facilities and treatments, including organ transplants, cannot be denied to patients for their medical marijuana use.
Parental rights of patients cannot be denied solely for their medical marijuana use.
The full text of the measure can be found at http://stash.norml.org/azmedmj
Another great spot for CBIS to show their conviction.......Hope they're getting their application(s) ready
MEDICAL MARIJUANA WINS OVER VOTERS - WHAT NOW?
Would-be patients hoping to get some medical marijuana now that voters have approved the law should not hold their breath.
State Health Director Will Humble said Monday Proposition 203 gives his agency 120 days from the time the election results are certified - -- now set for Nov. 29 -- to come up with the rules and regulations of how the system will operate.
Theoretically, he said, that should allow doctors to begin writing the legally required recommendations for patients in early April. But Humble said they may not have any place to purchase their drugs, at least not legally.
At the end of that 120 days, Humble said his agency has to start reviewing what he expects to be hundreds of applications by groups that want to operate one or more of the marijuana dispensaries around the state. And, by law, he's currently allowed to give permits to only 125 of them.
Humble said he probably will screen each of the applications to check their plans for operations and security and award the licenses to only the most qualified. The alternative, he said, is a simple lottery process -- something he does not favor.
Even that, however, doesn't get the process started: He said each dispensary needs time to get up and running.
"And remember, they've got to get their cultivation facility up and running so they have an inventory that's legitimate," he said.
"I don't want this to be inventory that comes off the street or from Mexico or something," Humble said. "This has got to be from cultivation facilities inside the state."
He figures it could be sometime next summer, if not the fall of 2011, before the plants are legally grown, harvested and ready for sale.
But Andrew Myers, the campaign manager for Prop. 203, said patients may not have to wait that long. He said the measure allows those who are at least 25 miles from a state-regulated dispensary to do their own cultivation.
"Patients will be given I.D. cards before dispensaries will be licensed," he said. "So, at the outset, the first batch of patients are all going to be able to grow, for a year, until their renewal comes up."
Humble, though, said he's still researching that question.
More complex, he said, will be everything else to make the system work. Humble said there needs to be a secure computer system to track the drugs and the users.
On the front end, he said there needs to be an inventory system to ensure that everything that starts out as seeds in a legal cultivation facility winds up being sold through a legal dispensary, and only to a legitimate cardholder.
"That's not as simple as it might sound on the surface," he said.
"When they grow the plants, they weight different amounts at different times," Humble said.
"And there's a drying period," he continued. "So part of that weight was water weight."
He said dispensaries need round-the-clock access to the database of patients who have state-issued cards to verify that person is entitled to purchase marijuana. More to the point, the system will keep cardholders from buying more than 2 1/2 ounces every two weeks, the limit in the new law.
Finally, law enforcement needs the same access to determine whether the person they stopped is entitled to have that bag of marijuana.
Of greater concern, Humble said, is keeping some doctors from becoming the kind of "recommendation mills" he said have popped up in Colorado. The health director said he wants to spell out what sort of doctor-patient relationship has to exist before a physician can write such a recommendation.
"If we have a loose interpretation of what a doctor-patient relationship is ... then you could end up with situations like they have in Colorado where folks are walking into a doctor's office for a 15-minute appointment and $150 bucks on the barrel head, they're walking away with a recommendation," Humble said.
At the very least, Humble said, he wants some assurance that doctors have discussed alternative to marijuana for their patients, particularly those who say they need the drug for "severe and chronic pain," one of the conditions that lets a doctor write a recommendation. He said that should include biofeedback and acupuncture, where there is peer-reviewed evidence both actually work.
"Chronic pain is very difficult to measure," Humble said, which is one reason he opposed the initiative in the first place. And that, he said, provides an opportunity for abuse.
In Colorado, he said, more than 90 percent of cardholders get them for chronic pain.
"The majority of those cardholders are guys in their 20s and 30s," Humble said.
"I'm not saying none of them are in chronic pain," he continued. But Humble said that condition becomes a "gateway" into Colorado's system.
"I want to make sure we have some checks and balances in the system to make sure they are in a true doctor relationship, that they've truly evaluated that patient, that they truly think marijuana is the mechanism that they want to use for managing that patient, and they've talked with that patient about the various alternative treatments that they may have access to," he said.
MAP posted-by: Richard Lake
Wow, a $90 trade drops PPS 20%, brilliant MM's
So maybe another class of stock too? How the heck do you trade stocks that are on foreign exchanges? Maybe I'm ahead of myself but this is what it looks like to me. Hope Smokefree stays right here, no divvy, just a healthy share price.