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Exactly, its not the end of the world just because we are now carrying a Q....this is the fourth one for me so far in 2010 and I am riding free shares on 2 of them and at .0031 on CPRKQ so far...number 4 is just begginning...its all part of market trading and where would the fun be if there was never any chance of losing some of the time.....its been a gamble since the first exchange ever started trading stocks.....The EHC is in place to try to enhance value for the shareholders and in the case of CPRKQ, I certainly don't envy then....the job they will have to do here is much more difficult than in the majority of CH11's...in this case they are going to have to not only establish equity, they are going to have to create it by getting the mill back into production.....it is not going to happen overnight, if they can get the mill creating some revenue to finance the NI43-101 compliance reports and establish the real equity, then the share holders may have a chance of some recovery....it is going to take time and dogged perserverence, but it is a job that has good people on board to handle...I have my shares and I have my patience and I have my trust in the committee......isn't it a great day to be alive....as I see it...
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Pesonnally,I would like to know what any of this chatter has to do with CPRKQ and the direction of the company today.....whatever happened last year has absolutely no bearing on what is happening today, we are in CH11 and are 100% controlled by the court so whatever MD or anyone else may have said or done a year or 2 ago has nothing to do with the reorganization under CH11....we are currently in the process of arranging and getting DIP approval and obtaining info from the Tech team as to weather the mill can be refitted to process the different ore bodies, this will also need the courts approval.....I don't know half of what is going on, but I do know that whatever is in the past with CPRK has nothing to do with the future of CPRKQ unless it is requested info by the courts....as I see it....
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Reg,
Please read the post again, I am not saying anything about being not being upfront and honest, however today it is a whole different ballgame,we have all new players for the most part and what may or may not have transpired a year or 2 years ago has absolutely no bearing on what is in process at this time......we can not keep hammering on what might have been or what may have happened....today we are in CH11 and we have an EC appointed by the courts.....the only thing we, as shareholders can do at this point is place our trust in the appointees on that committee, they are our sole representation in all respect and in all decisions presented to the courts.....we can not question the present IR or management and under no circumstance can we try to question members of the EC.....now if you have a valid case that you feel the previous company does owe you money, you must file through the courts,the same way all other creditors do.....I,along with many others that I know are very well aware that in most cases of CH11's the shareholders end up with nothing,simply because they are the last to be paid out....however that is not always the case and it is not the only way to profit from CH11's.....I am just saying it is extremely premature to talk CH7 at this time or at all, we are CH11 because there is a very good chance of CPRKQ being reorganized into a profitable company,if the courts didn't see that we would have already been CH7....but right now it is CPRKQ and no longer CPRK....so your complaints about the old company will fall on mostly deaf ears....as I see it...
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I have not neglected to mention "personnel problems" in my previous post.....however wheather or not there was ever any fraudulant nature associated with any of the in house problems that contributed to delays in bringing the mill online or not,I can not coment on that...I am also quite sure no one else can factually make direct coments on the nature of these in house deals or supposed actions by certain members.....now if any one does in fact have factual info in regards to certain statements of a fraudulant action, then I suppose it would be best that they present the actual facts to the proper authorities, instead of posting messages pertaining to something that may not ever be proven.....We are at this time in CH11 and in the process of trying to obtain DIP lending in amounts great enough to get the mill back into production and making money from processing ore and trying to retain shareholder equity, and all this talk of CH7 is not doing anyone any good, NO ONE......every single entity and every single person ever involved in any way whatever will lose in CH7.....so it is in everyones best interest to work together as most are trying to, and lets dig this thing out of CH11 and carry on to the real money...as I see it...
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Well,Satellite it may be just your opinion, however it sounds like a whole lot of common sense and I have to agree your opinion makes more sense than an opinion that is saying they have a mill that is not functional.....of course we all knew there was going to be time needed to tweak this mill to produce different ore bodies and I am sure they were well aware it would take some highly experienced mining engineers to get the job done....however the money just simply ran out before the bugs were all cleaned up....perhaps no one anticipated that there would be just quite as many bugs and should we say personnel problems that contributed to delays that were not in the forecast....the mill is there and it can be reworked and refitted to process any and all types of ore found in that area, given the proper amount of time and money....at this juncture it will be up to the courts to decide if we can carry on with a billion dollar venture in south western Utah or not....most common sense folk would agree that this is not just someones dream anymore, it is something that is needed for the well being of the country...as I see it...
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It is nice to hear some positive stories about deals made on E-bay, however I would also caution folks to understand that sellers on E-bay are there for one reason and that is to make profit and when the margins get tight the sellers will find loopholes in the system in order to make that profit.....I am not only saying from personal experience, I have heard hundreds,if not thousands of horror stories form just ordinary folks who have been victims of abuse of the system....and yes I also know many of you are also sellers on E-bay and for the most part would like to create a completely honest trade.....so I sincerely hope that when you execute those trades on E-bay that you do know who you are dealing with and they also know who they are dealing with....I can not stomach any more stories from a young couple that had $7000 to start out in the world of Precious Metal investing and end up losing the entire amount to some individual that finds the loopholes in the system.....these stories are many more than the success stories and you can bet on that.....as I see it.....caveat emptor....
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Yes, you can get insurance with E-bay and Pay-Pal buyer protection programs...but only if your purchase falls within thier rules and regulations and very strict timelines.....most times, with shipping times and sellers delays, by the time you find out you have been scammmed it does not fall within E-bay an Pay-Pal timelines of 30 days and it is to late for them to help you recover your money.....I just think it is way to complicated and Mickey Mouse route to take when investing in Gold and Silver....as I see it...
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D.T,.....I don't think at anytime you are ever paying more when buying from online dealers or mints as compared to E-bay.....at least when you are dealing with brokerages ands mints you are always dealing from spot price on the day of purchase and can be assured that you will recieve quality product....I have heard many horror stories about deals on E-bay in the past and have also been taken for a ride myself a couple of years back.....many of the deals on E-bay are on metals imported from China and the far east and a lot of this stuff is now coming in as contrabrand...I guess if it looks to good to be true it probably is not the best place to leave hard earned cash.....I would stick with the dealers that have proven track records and just wave my red flag at those E-bay deals as they go on past....as I see it...
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There are no real mining companies with any interest in a company that has no proven resourses....it is a total fabrication by anyone claiming that there are companies with an interest in buying out GHDC.....
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I want in on the bidding here!!!!!!
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Wow!!!! The burn rate is less than $50,000.00/mo and yet they are spending millions of dollars every month according to the filings and the sad part is that the millions of dollars they are spending is coming directly out of share holders pockets.....not from financing the concentrate in the bucket, also according to the filings......I guess these are the real facts, however it has been obvious all along that they were being a little evasive with the truth when numbers like the burn rate were so far stretched....it is also easy to see how so many other halftruths have slipped past....looks like the share price will come down to fair market value within a week or two.....huge sell off in the works...as I see it.....
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I think the EHC's main objective and only objective is to establish equity for the share holders and they have attorneys to advise them on proper policies and procedures that are relevant in Ch11 proceedings.....I am also sure the members of the EHC are not allowed to communicate to anyone outside the other appointees by the court as long as the CH11 process is still pending.....if any member of a committee reveals info to an outsider from within the proceedings, then that member would be removed from the committee by the court post haste......so it is not wise to be asking for info from the EHC at any time, just let them do the job they were appointed to do and lets hope we come out of this long term battle with some equity for the share holders.....we do have smart folks on that committee.....as I see it...
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BTW this is not directed at you CK
Speaking of dogs...the next PR will most likely have some info regarding the Quillians dog "Ruff" being appointed to the BOD at a salary of $56,000.00/yr keeping in line with previous appointments......Ruff's responsibilities will be the same as the most recent appointments, mainly just to draw salary....something like this would not surprize me at all,it would be no different than the waste of money to Christian or to RK, both of these guys are supposed to be marketing the company to create value for the share holders and from what I have seen so far I would cast my vote for the dog if I was a share holder......going into single digits if they don't get some numbers out there and be quick about it....as I see it....
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It would seem to me that those who have only entered one event should at least acknowledge some of the wisdom of the folks that have been in most events and are also in possession of many silver buckles.....to say that SFMI can piddle around .12 to .18 forever is not an acceptable statement to any of the folks who may have jumped in here at .30 or even .468.....I don't think these people are to happy with the companies lack of respect for the share holders at this time......now I still say if the company has the goods, let the public know what they are, so the share price can act accordingly.....it makes no sense whatever to sit on the goods and chase away potential long term investors...the man with the money is not going to buy any shares in SFMI when they do not have any verifyable production numbers or any proven resourses....as I see it....
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Hope they don't sit on thier hands after the testing is done....PCFG has dealt with some obstacles in the past such as the Yorkville fiasco, however the shareholders took a big hit on that one.....now that we are debt free and so very close to production, the question is " do we have management in place to handle it".....check out my pitch in my profile dated back in early Aug/2010......I am still adding, but I am still just a little concerned about wheather these guys can keep up with the speed that I believe PCFG can move once in production...as I see it...
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You are doing a fine job, however I don't care how much fluff and unproven data that is presented on this board.....what I want to know is the real truth and the amounts of ore being processed at the mill on a daily average, and I want to know what the grades of recovery are.....how many ounces or grams of gold and silver are being recovered from the ore that is being processed....and then I want to know how they are paying the operational costs....and then I want to know which claims they actually lease on the mountain and what exploratory work they have done on these claims to prove the resourses.....all of these assumptions and speculations mean nothing to me....you can post 0.75oz/ton as the low grade a thousand times and it means nothing until such time as they can actually show those are the numbers that are the recovery rates on returns from the smelter....now as of this date and as far as I or anyone else knows they have not even made a shipment to a smelter or for that matter announced a smelter contract.....it is obvious that the market is also awaiting some solid numbers.....from where I am sitting and the PROVEN info that I have to base my opinions on, I can say the share price is considerably overvalued at this time....give me the numbers and a fair pps and I am a buyer, until then I have no shares in SFMI...as I see it...
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It can be a very harsh lesson at times when dealing in options and futures or even with margin accounts, there always seems to come a time when you do not have control of your very own money....it is a tough game to play and leaves little room for sleep or any other activities, if you know what I mean....I just found it better to deal strictly in cash and with tight stop losses on any high risk high dollar shares....much more fun in the pennies where you don't have to worry about leaving the door open at night....getting out of paper certs in the PM markets was one of the best moves I ever made and I am sure many can vouch for that as they are now trying to collect the bullion that was to be held in storage.....I have mine where I can touch it and I know it is safe....sure I may be able to make more in futures trading paper, but at what cost....and yes I do some commodities, but I never have any money out at the end of the day....I get to sleep at night cause I know where my dollars are and where my bullion is....I think folks have to be more carefull now than ever when dealing with paper....there was a time when you could trust your banker.....I remember that
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I don't know anything about it, I only buy physical bullion....I have not had paper since way back in 2002....
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Even at todays close, SHSH has a market cap of a measly $9,385,000.00 and they are a producing silver mine, soon to be producing gold as well.....they also have much more to bring on line in the near future and we have folks predicting .50 cents per share by eoy.....thats still only in the neighborhood of 21 million market cap.....the one thing I don't do, is make predictions but I can plainly see that this thing is solid as the rock of Gibralter and once word gets out to the investment community, we are going to see some remarkable movement in share price....who knows perhaps it has started already and will move quickly from here....as I see it...
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Oh thats SILVER yaaaaah I have some of that!!!!!!
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Didn't have time to read your post,but just skimmed it a got a good grasp of the message and content and I can't say that i agree more...you are correct with gold and silver prices moving up and no sign of any weakening also more quatative easment coming...yes I agree precious metal mining stocks should be the place to be, however SFMI has not and I repeat NOT shown us the goods, they have not proven that those tailing contain enough value to sustain a milling operation at this time, let alone provide funding to prove up the claims on the mountain......all the historical data means nothing as long as we don't know if the actual claims leased by SFMI are in fact part of that data.... SFMI has to provde numbers, firstly processing tonnage at the mill and then the grades recovered and then they have to do the exproratory drilling on thier claims to prove up thier resourses, before the gold and silver valuse will ever mean any thing towards the actual market value of the company.....as I see it...
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Just a few more items to add to the list, Oryx
Thats an extremely harsh statement from a one horse trader to some one who has been around and saw many of the angles that have so far been presented by SFMI to the investment community....I can say I have also paid for these very same misteps along the way....however I don't wish bad luck on any one and I still hope that some how the misinformed and misguided folks that have put a lot of money into SFMI, will some day be able to at least recover some of it.....with that said,GLTA....as I see it...
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Looks likes the longs are becoming more and more frustrated day by day with the total lack of truthfull info from the company....as time goes on more folks will realize that the company has abandoned the share holders cause they don't need them anymore.....all the PR's in the first 6months of the year were mainly just hype, fluff and in many case's outright falsehoods in order to gain share holder confidance, and now that the company has enough money and a mill in start up mode,they have left the share holders out in the cold.....oh sure, they are making claims of having concentrate awaiting shipment and higher grade ores on site, among other things, however they have never provided concrete evidence to back up any of these claims.....so far it is all hype,rumors and speculation and personally I don't believe one shred of it....soon it will all be proven....I still say if these guys had it, they would have shown us they had it....but thats my opinion and thats how I see it..,
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Looks like we have 33 goldminers from Chile that will be raring to go back at it soon......absolutely incredible rescue and story of inspiration for the entire world.....I just couldn't take my eyes off it, started watching last night and have watched it constantly....these men are an example of the great strenght of human capacity under extreme adversity and should all be banded as hero's for coming together and providing inspiration to the world.....they most definately provided the emotional strenght and stability for each other to perservere under such adversity....just fabulous ending to a story that could have been so much different....I felt a great sense of for each and pride for each and every one of them and also thier country for the never ending support and belief.....just a great display of humanity...
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Thats my club as well, I know nothing about shorting,but the thing is I don't want to know anything about it......I just like to buy low and sell high, maybe when I learn how to do that then I will try other methods of stock trading...LOL...
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I wish I knew the correct answer as well....there are some great opportunities out there at this time, so I just play the numbers and throw all the irons in the fire each day and end up going with my gut anyway.....don't tell anyone but I really do like SHSH....but at the end of the day they are much like fiat currencies..just paper, so thats why I love physical bullion and that iron always goes in the fire each morning along side all the others.....I have a feeling many folks are going to be very happy with some of these plays by the end of Q2 2011,just so many great choices....as I see it...
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Sometimes you sit and watch these things for along time before making an entry, even though I have had a position here for quite some time I didn't start buying much until maybe 7 or 8 weeks ago, at that time it jsut seemed that we were getting close enough to getting back in production and the fundamentals fit....it is truly undervalued, as soon as we can see a couple of quarters of numbers,she will move up and get the recognition from the market.....if you are not in, well its just like silver bullion, if you are not in now you will pay double next year at this time....for me 100% per year is good enough, especially when I know it is almost a sure bet......better than 200% thats high risk.....as I see it...
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BTW I thought USSIF would take a little longer, but I am very close to the 100% in less than 3 months and lots of room yet...could very well be SHSH big brother...lots of similarities
No worries here....remember its just a few short weeks ago we were buying USSIF at .27 and SHSH at .09......soon SHSH will be back in production and will be pushing the dollars.....both extremly solid investments as gold and silver continue to rise and with more quantative easement, gold and silver are the MONEY...will add more tommorrow in this range ......easy decision...as I see it...
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Exactly,Bobby Joe.. and if you read the post you will see the calculations are based on an average wage of $15/hr and at that rate it can be clearly demonstrated that the burn rate is far in excess of $50k/mo....if they would come clean with all of the numbers such as the actual throughput tonnage and grades and quit providing disputable numbers such as the obvious miscalculation of burn rate, you would see an immediate increase in share price, however if they continue to keep the share holders in the dark along with these other misteps, then the share price will continue to falter....the investment community does not respond well to even the smallest of miscalculations,especially when it is so obvious....perhaps the current group of shareholders were needed at one time and they will find soon enough that they will also need new money as well as keeping the current batch from jumping ship.....I can even see frustration beginning to set in among some of the true longs on this one....time for the company to turn the lights back on.....as I see it...
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I usually don't respond to combatants on message boards, however in the past all of your posts have been challenging my assumptions and opinions and yet never once have you suppied any verifiyable info to refute my opinions, or have you brought forth any info from the company that can be substantiated.....in all of your posts you have only called my statements falsehoods or reposted them along with unsubstantiated info from wherever.....until such time that you can provide the board with proof of your claims that my posts are falsehoods, then it would be best to just leave your opinions as I leave mine....hopefully some of the brass from SFMI read the board and can see all of the conflicting opinions and release a truthfull PR so the entire investment community has some real hard facts......I have my views and opinions and have the right to express them, and you and all others have that same right, but you do not have the right to call my views "falsehoods"....as I see it....
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Now let me think...where did I leave that eight ball....
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Just a small technicality, Heel.....not near as far off as the companies statement to attendees at the shareholders meeting, claiming a burn rate of less than 50k/mo with 22 employees on board......anyone can plainly see that is a statement of false content, much like some others in prior PR's that they made an insincere attempt to appologize for.....its way past the time for transparency and truthfull info from the company in regards to mill rates and grades by way of a PR to all shareholders.....if the whole truth does not surface soon, the share price will be back in the double 00's before eoy....as I see it...
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Actually a gallon of water weighs 8.33lbs therefore a gallon of gold with a s/g of 19.3 would weigh 160.77lbs or very close to the same weight as 2- 80lb gold bars as previously stated....but I am quite sure SFMI does not have any concentrate on site that would contain enough gold to process even 1 80lb gold bar....if they had some numbers that could show the shareholders what the grades processed to date have been or the actual tonnage milled, it would go a long ways to credibility and make up for some of the less than truthfull statements of the past....as I see it...
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Yes, if you want some nice quality stuff, come to Canada , we are small so we try harder....there are even some quality people who are proud to be Canadians....and its NOT that cold....myself I like to travel all of the US and Canada and when I have seen it all,then I might think about other places, but I can tell you there are some fantastic places and people on both sides of our border and I have lots to see yet....just wish you guys would sell my own silver back to me a little cheaper, still need some....glad to hear you guys had such fun and found some nice treasures, hope you get some more chances.....
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"Actually the shareholders were told the burn rate is under $50k per month"
Check back to post #22299.... these are just some of the numbers and they total up to a burn rate of over $184k without even adding in fuel or maintainence, cause we could only ballpark those numbers...also there are many other items each month in mining operations that contribute to burn rates...ie contractors
You will also note that wages are extremely lowballed in this equation...heavy equipment operators typically earn $24 to $38/hr and truckdrivers average $25/hr or in some cases work on percentages.....
now I don't know why they would claim the burn rate to be less than $50k per month.....but I will stand by my number that it is very much closer to 1/4 of a million than it is to 50 thousand....how many other half truths are in the mill at SFMI....if they want the world to know, get it out in a PR and not to a few people at a meeting...anything brought back from the meeting can only be hearsay.....where is the PR and the whole truth and nothing but the truth...as I see it...
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Thats how I was looking at it as well, only I was just kind of eye balling it and my thoughts were if I were to melt 2 80lb bars and pour them, they would fit almost perfectly in a 1 gallon containor, so I agree 161lbs per gallon should be the correct number,so thats approx $3,482,750.00 per gallon at today's gold price.....lol and thats silly cause it has no bearing on SFMI and the rumors of the 1000lb containor......if there is such a containor,then the contents are concentrate and no one knows what the values are in concentrate until it is smelted and all metals are seperated.....the concentrate could be all black sand and pyrite for all we know,or it could be all platinum lol......no one has questioned the burn rates mentioned or why the Co. would put forth more false info that is so obviously not the real truth...if they continue with falsehoods like this, then the share price will suffer even more...as I see it...
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The question that needs to be answered....FORT KNOX???....when the truth is known, many investors will be able to answer all of the other questions they have about where they would like to leave thier investment dollars....it don't matter if there is no gold in the Fort or if there is the proclaimed amounts...investors just need to know the answer....as I see it...
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If we can just take a look at only one of the items listed as positive DD obtained from the shareholders meeting....that is the burn rate, now it is said that there are 22 employees at the Mill, I would assume this includes all equipment operators, truck drivers,mill operators, securety and front office people.....lets lowball the overall salaries at an average of $15.00/hr..ok..15x22x173hrs per month=$57090.00 for wages to employees..now this does not include any overtime, benifits, payroll taxes, compensation or EI payments....it is also assuming they can find an equipment operator or truck driver to work for $15/hr.....but wait the Quillians also collect combined salaries of $34,000.00 ea month,so lets add that up..bare mininmum for wages with no benifits or overtime=$91090.00/mo.....what was that burn rate again???$50,000.00????......I wonder if they use any fuel or have any maintainence costs or adminstrative costs...oh ya there's that $93,000.00 rental agreement payment every month and rent on the warehouse......Nahhh I don't think they would have told the shareholders at the meeting that the burn rate was only $50k.....there must have been some questions about that...as I see it...
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Finally looked at my file on PCFG and found my first entry in Feb/09 100,000 then in May/09 50000 .I went thru a bunch of the files and it appears that in Feb I bought enough to have $1million when it came time to sell, so I guess I felt at that time it would be a $10 stock , but then I added in May so something made me believe it would end up at $6.75 or there abouts. I think thats around the time they spun off Oregon Gold and paid us the divi in shares...then later on they sold Oregon to pay down the Yorkville debt....over the past year and a half I have always kept an eye on PCFG....could never just put a finger on what was happening, it always seemed to be alive but yet there just was nothing that seemed to be moving it, it was always a few pennies up for a few days and then boom we would lose all the gains in one day....there was always just enough life to make me believe that my original DD was still on track......well now maybe I was right, maybe they will get that mill going and start processing that $1350 gold....I didn't add when I should have, but I did add some in the high .0070's and now I am hoping for a chance at maybe double my original play....as I see it...
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BTW I still have the 507 shares of Oregon Gold...don't know if they are worth anything or not
Perhaps it would be a good idea for the company to set up another tour of the Mill so they can get another 120 shareholders to come out and see those tiny lines of concentrate moving off the shaker table......then PQ can also explain to this new group the reasons they are not sending any of this concentrate to a smelter to have it processed so they can sell it and show some revenue on the company books....or better yet maybe he can explain the real reason they do not yet have a smelter contract.....there are very few smelters that will accept tiny amounts of concentrate sporadically, most have minimum amounts and place you on a schedual for deliveries.....you can't just drive up to the door with a few buckets full every 5 or 6 months.....I don't think there are any other gold mining companies holding onto concentrate waiting for the price of gold to go up, when gold is at record breaking prices as we speak....yes, maybe its a good time for another tour before more investors catch on and jump ship....I have noticed several that are missing since the last tour.....as I see it....
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