Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
With the estimated 2+ mil ounces on the property, wouldn't that translate into several billion dollars in assets?
Those .85's have to either be real thin, or non-existent, next ask above those is 1.23, will be nice if I can get filled all at .85 and see the 1.23's hit.
Those .85's have to either be real thin, or non-existent, next ask above those is 1.23, will be nice if I can get filled all at .85 and see the 1.23's hit.
I changed my order to 1.23 but still not getting filled. MM's must be taking a coffee break or ignoring me. Great volume here today, looks like we are building up to something here.
Yes, your right, I will change it, if I don't grab them now at this level I will regret it.
I am thinking of moving my bid up to $1.23, I can't seem to get my order filled at the .85 mark. Maybe if I move my order up I will get filled, what do you think?
Yes, I was thinking the same thing. I got a partial fill at .85, but they weren't all filled. I'm not sure if it is MM games or what. I was planning on leaving my order for .85 stand and see if it gets filled the rest of the way, or maybe move my order up to the 1.23 and see how much of the .85's I get.
The accumulation line is practically straight up on SUGO, I have been getting as many at these prices as I can. When that deal closes next week it is going to be awesome. I am hoping for at least $5..... You having any luck getting much filled?
Unfortunately, I think your right. I will keep my order in and see if it finishes getting filled. My luck, I won't get the rest filled, but I guess you take them where you can get them.
Just stopping by to point out that SUGO released a PR Friday night that they are getting ready to close on a gold mine acquisition. It is up from .55 earlier today to .85, but hasn't reached the 2.40 it was at last week yet. Once they close it could easily hit over $5...
I don't know much about STXG, but I will keep taking their shares if they don't want them, I'll make a nice profit if they don't want to.
I can't imagine they would have dropped the $50k if they weren't serious about closing the deal. In a few days, this will pop and we will be happy that those who sold out here literally gave us these shares.
When that deal closes, we know what will happen here to the share price, hopefully whoever is selling at these levels is NOT on I-Hub, and will keep giving us shares at these prices. I can see several doubles coming to us here very soon.
I am glad I was able to pick up some cheapies here before this takes off. The fact that the company spent over $50,000 to secure the pending deal gives us more certainty that the we are very near to the deal being closed. Once this closes on September 30th, and we get the BC taken care of on September 24th, I believe this will start moving back in the multi-dollar range. Anything we can pick up due to seller weakness or nervous hands are just bonus shares at this point. I will definitely continue to buy on these dips and adding to my position.
It also looks like we may have cleared through whoever was nervously selling and now we can move back up to the $2.00++ range we were at.
Berry, not that it is even a remote possibilty, and if in some twisted turn of events it did, I know who her attorney would be in the ex part of that equation. Lol. Have a good one, cya in the morning.
I know that a few friends and I grabbed as many as we could get filled. It was like holloween as a kid holding our bags out hoping to get as much candy as we could. At the end of the day all we could do is look at all the shares we were able to catch and smile real big.
The only thing sad about it is the people who were shaken out of their shares won't be able to share in the fun of watching as this company grows and the stock price continues to rise.
Once the sell-off is done and the panicked shareholders are gone, unfortunately those of us who remain will reap the rewards of those who yelled fire in the theatre, and those who ran will only be able to sit on the outside wishing they hadn't heeded the false alarms, or will pay quite a bit more to get back in to see the rest of the show.
Blockman, I think you hit the nail on the head. Apparently Timberline's PR saying that CM was not economically feasible had more to do with the feasibility of Timberline to raise the necessary capital to go forward with the project than with the viability of the project itself.
Now, more than a year later, and gold prices at historic highs, it seems that obtaining capital to mine one of the United States largest untapped sources for gold should be relatively easy.
To say that pulling millions of ounces of gold out of the ground at a lower percentage cost per ounce than a year ago and selling it on the open market is not a lucrative is almost as intelligent as posting unverifiable supposed documents from government officials or saying that a company with one of the largest gold holdings claims should have a price per share of pennies rather than dollars.
Based on the geological reports provided by Timberline, who would have no reason here to inflate the numbers, there is enough gold on the claims to support a stock price here at $65.00 after mining costs.
I don't know if the posters here are being paid, and frankly do not care. I know what I hold, and I am not letting go. I can see this long term becoming a NASDAQ or NYSE stock that will provide for a nice retirement holding. I am only feel sorry for those who allow a few who are probably paid to bash to scare them from a profitable stock holding, they are the ones who are truly being hurt by this.
Let me conclude by asking those who post on this board to not respond to the bashers, since it is my understanding that they are paid by the number of responses, as well as the fluctuation in price they are able to create. By responding it is my understanding it gives them a financial incentive to continue to post things, whether they are true and accurate or not, becoming more aggressive to earn a buck. It must be sad way to earn a living.
I am still thinking we will see huge numbers, but that's just my opinion, I'm in no hurry here, its an investment for me. Like all investments, it takes time, unless someone knows of a bank that has one day CD's.
Worries? None, I am loving the person who is giving me a second chance of adding at these unbelievably low prices. I am just thankful I was in front of my computer when it happened. Loaded up some more for what's coming.
Nice movement here today, did you get a chance to grab some?
Its $2.00 x $2.40 Batman!
LOL! I can only imagine with the volume growing every day like it has been and it moving so quickly what next week is going to bring.
Looks like people are starting to see the PR and see where this one is headed... I am liking that $25.00 bid by ABLE!
Holy Crap Batman!
Skunk, in researching this type of mining, start to finish, i.e. extraction to sale, the total costs of mining, extraction, and smelting top out at 40% of the current market value. That being the case, this would on a per share dollar for dollar value basis without any multiples being used put us at $65 per share. It is my understanding that gold stocks usually trade at a 17 to 19 multiplier.
I am sure there will be lots of takers at that price once people see this and big buyers start moving in and others are able to start margining their accounts, $5 will seem cheap when we have a base value already of $65 with no multiples factored in.
I am thinking that based on those reports and the current market value of gold, that would put us at around $65 per share.
Rich, in a nutshell, it says this site is worth $$$$$ billions $$$$$ !!!!!!!
Just so everyone understands what this news means to us, I have been doing some research on this particular mine site announced to us. Previous drilling results are:
Conglomerate Mesa was originally explored by Newmont while it was within the Cerro Gordo Wilderness Study Area (WSA). An initial 22-hole (10,360 feet) reconnaissance drill program focused primarily on just one of the property's mineralized zones ("Resource Area") outlining a mineralized resource estimate pre-dating (and not compliant with) NI 43-101 standards totaling 175,000 ounces of gold contained in 3-million tons grading 0.06 ounces per ton (oz/t). Highlights from the Newmont drill program include the following:
Resource Area CGL-01 5 ft of 0.24 oz/t gold
CGL-02 20 ft of 0.08 oz/t gold
CGL-03 45 ft of 0.07 oz/t gold
CGL-04 20 ft of 0.08 oz/t gold
CGL-12 45 ft of 0.04 oz/t gold
CGL-19 20 ft of 0.09 oz/t gold
South Drainage Area CGL-16 35 ft of 0.05 oz/t gold
Newmont withdrew from Conglomerate Mesa in 1993. Federal agencies dropped the property's WSA status the following year because it did not meet the necessary criteria for inclusion in a Wilderness Area and, in doing so, removed significant impediments to its future development.
In late-1995, BHP-Billiton acquired Conglomerate Mesa and identified a much larger hydrothermal gold system with excellent bulk-mineable potential. The property's core area was explored that year, with eight target zones identified by soil geochemistry and surface road cut channel sampling which returned the following highlights:
Dragonfly Area 40 ft of 0.37 oz/t gold
(within 140 ft of 0.12 oz/t gold)
7 ft of 0.25 oz/t gold
15 ft of 0.11 oz/t gold
Middle CMFS Area 10 ft of 0.03 oz/t gold
Resource Area 40 ft of 0.15 oz/t gold
East Area 5 ft of 0.10 oz/t gold
15 ft of 0.21 oz/t gold
South Drainage Area 6 ft of 0.12 oz/t gold
20 ft of 0.04 oz/t gold
In 1997, BHP conducted a widely-spaced, 10-hole (8,060 feet) reconnaissance drill program at Conglomerate Mesa which included the following highlights:
Dragonfly Area CM97-3 20 ft of 0.06 oz/t gold
CM97-4 30 ft of 0.10 oz/t gold
40 ft of 0.11 oz/t gold
30 ft of 0.05 oz/t gold
CM97-5 40 ft of 0.04 oz/t gold
Middle CMFS Area CM97-6 35 ft of 0.04 oz/t gold
Resource Area CM97-9 35 ft of 0.03 oz/t gold
BHP subsequently made a corporate decision to terminate all of its worldwide gold exploration activities and dropped the property.
Timberline, as part of due diligence efforts at Conglomerate Mesa, collected rock chip samples from three of the known mineralized zones, returning the following results:
Dragonfly Area Cgl06-01 0.35 oz/t gold
Cgl06-02 0.07 oz/t gold
Cgl06-03 0.45 oz/t gold
Resource Area Cgl06-04 0.14 oz/t gold
East Area Cgl06-05 0.52 oz/t gold
Despite excellent surface gold grades encountered by Newmont, BHP, and Timberline, the Conglomerate Mesa property did not see historic mining because the sediment-hosted gold particles are micron-sized and therefore could not be panned by prospectors. This same style of mineralization is present at deposits within Nevada's Carlin and Battle Mountain / Eureka trends, which were also not historically mined, and which did not develop into world-class mining camps until the 1970s.
Mr. Dircksen concluded, "The two prior drill programs at Conglomerate Mesa totaled 31 completed holes over a 5 square-mile area. Newmont completed 21 (of 22) holes and intersected significant mineralization in 15 of them. BHP intersected multiple intervals of significant mineralization in all 10 of their holes, with 4 or more such intervals in 7 of the holes. Given their largely-reconnaissance nature, the outstanding success of these early-stage drill programs suggests the potential for a massive, district-scale gold system at Conglomerate Mesa."
Results from all prior drilling at Conglomerate Mesa are included in the following tables.
Resource Area - Previous Drill Results
--------------------------------------------------------------
Operator Drill Hole From To Length Gold
(ft) (ft) (ft) (oz/t)
--------------------------------------------------------------
Newmont CGL-1 25 30 5 0.240
--------------------------------------------------------------
95 105 10 0.072
--------------------------------------------------------------
CGL-2 200 215 15 0.044
--------------------------------------------------------------
265 275 10 0.030
--------------------------------------------------------------
320 340 20 0.079
--------------------------------------------------------------
370 380 10 0.047
--------------------------------------------------------------
CGL-3 130 175 45 0.073
--------------------------------------------------------------
CGL-4 85 105 20 0.077
--------------------------------------------------------------
CGL-5 75 80 5 0.033
--------------------------------------------------------------
105 115 10 0.126
--------------------------------------------------------------
CGL-6 315 335 20 0.026
--------------------------------------------------------------
350 355 5 0.027
--------------------------------------------------------------
370 375 5 0.038
--------------------------------------------------------------
395 420 25 0.020
--------------------------------------------------------------
CGL-12 500 510 10 0.062
--------------------------------------------------------------
535 540 5 0.025
--------------------------------------------------------------
665 670 5 0.031
--------------------------------------------------------------
690 735 45 0.037
--------------------------------------------------------------
CGL-13 405 410 5 0.024
--------------------------------------------------------------
435 440 5 0.028
--------------------------------------------------------------
455 460 5 0.021
--------------------------------------------------------------
CGL-17 490 495 5 0.021
--------------------------------------------------------------
610 620 10 0.014
--------------------------------------------------------------
CGL-19 85 110 25 0.024
--------------------------------------------------------------
245 265 20 0.090
--------------------------------------------------------------
CGL-20 145 155 10 0.016
--------------------------------------------------------------
260 270 10 0.024
--------------------------------------------------------------
BHP CM97-8 165 175 10 0.028
--------------------------------------------------------------
190 195 5 0.043
--------------------------------------------------------------
245 250 5 0.010
--------------------------------------------------------------
CM97-9 230 235 5 0.024
--------------------------------------------------------------
410 445 35 0.027
--------------------------------------------------------------
CM97-10 520 530 10 0.064
--------------------------------------------------------------
670 675 5 0.064
--------------------------------------------------------------
755 760 5 0.074
--------------------------------------------------------------
880 900 20 0.018
--------------------------------------------------------------
East Area - Previous Drill Results
--------------------------------------------------------------
Operator Drill Hole From To Length Gold
(ft) (ft) (ft) (oz/t)
--------------------------------------------------------------
Newmont CGL-7 30 35 5 0.043
--------------------------------------------------------------
CGL-8 170 185 15 0.053
--------------------------------------------------------------
CGL-9 No significant results
--------------------------------------------------------------
CGL-10 No significant results
--------------------------------------------------------------
CGL-11 No significant results
--------------------------------------------------------------
Middle CMFS Area - Previous Drill Results
--------------------------------------------------------------
Operator Drill Hole From To Length Gold
(ft) (ft) (ft) (oz/t)
--------------------------------------------------------------
Newmont CGL-14 610 620 10 0.016
--------------------------------------------------------------
CGL-21 No significant results
--------------------------------------------------------------
CGL-22 No significant results
--------------------------------------------------------------
BHP CM97-6 155 160 5 0.018
--------------------------------------------------------------
560 565 5 0.024
--------------------------------------------------------------
1050 1085 35 0.038
--------------------------------------------------------------
1130 1140 10 0.084
--------------------------------------------------------------
CM97-7 15 25 10 0.022
--------------------------------------------------------------
980 985 5 0.062
--------------------------------------------------------------
1010 1020 10 0.043
--------------------------------------------------------------
South Drainage Area - Previous Drill Results
--------------------------------------------------------------
Operator Drill Hole From To Length Gold
(ft) (ft) (ft) (oz/t)
--------------------------------------------------------------
Newmont CGL-16 15 30 15 0.036
--------------------------------------------------------------
135 170 35 0.046
--------------------------------------------------------------
CGL-18 No significant results
--------------------------------------------------------------
Dragonfly Area - Previous Drill Results
--------------------------------------------------------------
Operator Drill Hole From To Length Gold
(ft) (ft) (ft) (oz/t)
--------------------------------------------------------------
BHP CM97-1 25 35 10 0.018
--------------------------------------------------------------
280 290 10 0.019
--------------------------------------------------------------
335 345 10 0.029
--------------------------------------------------------------
465 475 10 0.012
--------------------------------------------------------------
CM97-2 140 150 10 0.014
--------------------------------------------------------------
210 215 5 0.016
--------------------------------------------------------------
340 345 5 0.067
--------------------------------------------------------------
440 450 10 0.026
--------------------------------------------------------------
CM97-3 5 15 10 0.044
--------------------------------------------------------------
30 40 10 0.028
--------------------------------------------------------------
50 65 15 0.033
--------------------------------------------------------------
75 85 10 0.016
--------------------------------------------------------------
155 175 20 0.058
--------------------------------------------------------------
370 380 10 0.011
--------------------------------------------------------------
525 565 40 0.012
--------------------------------------------------------------
CM97-4 20 35 15 0.029
--------------------------------------------------------------
50 80 30 0.101
--------------------------------------------------------------
140 180 40 0.110
--------------------------------------------------------------
290 320 30 0.045
--------------------------------------------------------------
380 390 10 0.009
--------------------------------------------------------------
530 540 10 0.012
--------------------------------------------------------------
CM97-5 0 15 15 0.038
--------------------------------------------------------------
395 405 10 0.014
--------------------------------------------------------------
480 520 40 0.043
--------------------------------------------------------------
570 575 5 0.039
--------------------------------------------------------------
655 660 5 0.041
--------------------------------------------------------------
Use all their toes, now that might cover it, since Mags is the cat lady of our town!
LOL, Still not enough, Etch, Laurie, get over here!
Crap, I have already run out of fingers and toes Walker, that adds up to a lot!
I for one love multi-million ounce discoveries!
I will get on that right away!
Sure, I will throw that in.....
Just checking to make sure your still there!
CC ready....