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BadgerRed,
I suspect we will see the buying and price surge as the technology proves itself. From the looks of the last PR, I likes the odds here. Imagine the returns (buying here with a CAP of just 104K - 157K!) if they produce a must-have software that goes viral with the younger generation. Heck, they have already advised us that they have a "proof of concept". What could the CAP be 5 years down the road if their technology is in demand by most producers and directors. Staggering I would think...As a 3 year SH, I say we just have to be patient and let the story continue to unfold.
AIMO.
HM
I agree as to its potential. Just bought more myself!
HM
You bet. Looking longer term on this one. I think by summer we will have a much better understanding of where MHYS is headed...UP! AIMO
HM
This might answer your question:
http://www.drugdeliverytech.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=C01082FD89D347E6A98BEB84741A8CD0
If Houck is our new CEO (?) it could be very good news. Good executives can transition from one industry to another without serious problems. They do it all the time and tend to be broad thinkers with excellent creative problem-solving skills.
HM
I'm a firm believer that problems within a company ultimately come from the top so I'm pleased to see Medhi step down and SNEY bring in a seasoned exec with worldwide connections. They may be in the tool arena but it's very possible those connections will have connections in the REE arena within their country. In short, I don't believe Medhi provided the push that's badly needed in this company. Hopefully Houck will help remedy that. All IMO.
HM
Still here and frustrated but holding strong.
HM
Perhaps, but how would you then explain the following:
"40.1 sq/km or 28% of concession area"
40.1 sq. km is (approx) 28% of 140 sq. km. AND
"...to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area..."
100 sq. km. is (approx) 72% of 140 sq. km.
How do you figure it otherwise such that these number jibe?
HM
According to the "Projects" section of Sunergy's website, it looks like their land area in SL is approximately 240 square km ( at least the way I read it):
Historical reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km or 28% of concession area) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was also granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths. The heavy sands containing the REE’s are consistent and verified in the river channel and along the banks and benches. Allied geologists estimate 50kg./tonne rich black sands (REE’s) easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate aluvial mining. Inspection of artisanal mining and prospecting sites within the license area show REE rich black sands throughout the claims.
HM
Still here and holding tight.
HM
We are experiencing price drift in the absence of any substanitive PR and will continue to do so until we have one in hand. Remember, the entire firm is valued today at only $166K. Give me a break! If there is any truth to the promise of this revolutionary technology, it will reveal itself in time and this cap will be a joke. I've always viewed this as a longer term play and am reasonably confidant that those with patience will be rewarded handsomely. There is a damn good reason that there is such a high calibre group of professionals who have decided to affiliate and assist this effort. One or two could have been flukes, but as many as they have? Stay the course would be my recommendation. All IMO.
HM
Just picked up some myself today. When it makes it back to just .026 (in time)...I reckon that's a ten bagger!
HM
Looks like we may have a little competition...
http://www.zerohedge.com/contributed/2012-09-17/russia-sitting-“trillions-carats”-diamonds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
HM
If SNEY's potential is as great as we think, perhaps management might want to talk to these folks:
http://sgtreport.com/2012/09/marin-katusa-doug-casey-on-investing-partnering-w-the-right-people-the-1-in-3000/
HM
Where did the report that the mineral sands are now gone originate? Since they were reported in official company PRs, wouldn't the company be in trouble if they were, in fact, now missing? For that reason, I don't believe they are missing, but I would sure love an official PR from the Company confirming this.
HM
Agreed. Just waiting patiently for major developments/announcements.
HM
Yes, that is very helpful and encouraging. Thanks again for your generous time and effort contributions. Most appreciated.
HM
Hey Dredge. Thanks, that is very helpful in getting an idea of the gold collection rate. Just to clarify, when you say,
"They will have been extracting between 0.5g/t and 12g/t and poss 18g/t of actual feed after the overburden has been removed"
is the "actual feed" the raw material as it's pumped from the river (after overburden removal) or is that just the back sands gleaned from the raw material?
Thanks again for your willingness to take the time help educate a dredging newbie like myself.
HM
I'm loaded as well and am holding for longer term developments. I agree with your earlier assessment...this stock has the potential to make early investors very wealthy...if they have the patience to let the story unfold.
HM
If you believe in the company's technology and overall competence and you have any powder, it's a good time to buy IMO. The entire company's valuation at this price of only $232K???? There is some serious potential for a major multiplier effect here if any of their prospects, including the latest acquisitions, work out. Is it a gamble? Absolutely, but one with decent odds. Again IMO.
HM
Yes, that's my understanding.
Thanks- is that 5.4 grams per ton of raw feed material (directly from the riverbed) or from the gathered black sand concentrate? Since it's been reported that it takes approx. 20 tons of feed to produce 1 ton of concentrate it makes a huge difference which source is being quoted.
HM
Would someone please explain how many grams of gold total (visible and otherwise including within the black sands concentrate) Sunergy will be approximately extracting per ton of raw feed material (straight off the river bottom) based on all company info received to date. I'm trying to figure a reasonable estimate of how many grams a dredge can produce per hour or day and am not sure based on info received to date. TIA
HM
Question for the board.
When it is stated that a company must be transparent once it's on the OTCBB what exactly does that mean? In other words, from the time an event occurs within a company (i.e. Hazen Report) how much time does the company have to report that info to its shareholders in order to be considered transparent. Is there regulatory time period within which they must advise shareholders? TIA
HM
Agree as well.
HM
As info from the PR (dated 3/17/11) listed below shows, Scott Plummer consulted in the second assay test of the black sands. He is apparently not new on scene...
In a letter to Sunergy dated February 14, 2011, Scott Plummer of RMS Ross In Chilliwack, BC, Canada discusses the January 2011 test results from Inspectorate Exploration and Mining Services Ltd. and compares the June 2010 testing as follows: "The initial ALS Chemex test work was conducted on the black sand concentrate samples that were recovered from locations throughout your Pampana concessions. These results revealed a strong presence of valuable rare earth metals and other related metals that carry significant value and are quite rare. See Press Release dated December 7, 2010.
"It was therefore proposed that a second series of mineralogical tests be conducted that were considerably more expansive than the preliminary tests, and that they be conducted at Inspectorate Exploration and Mining Services Ltd, in their Analytical Division in Richmond, British Columbia, Canada. This was decided, since it was known that they had purchased state of the art analytical equipment that would be able to determine very accurately the complete range of rare earth metals and other related valuable metals. This was to verify the accuracy of the previous body of analytical work at ALS Chemex and would reveal a more complete range of metals of value in the Pampana River black sand samples.
"What was found in the second body of test work verified the initial work as being credible, and was able to demonstrate additional values. The large increase in the estimated average value of metals per ton was due to both the expanded range of metals tested for, some more accurate test work that was conducted, and also directly relates to the considerable increase in rare earth metal values over the last year. Together, they account for the increase from $3395.00 per ton of black sand in the June 2010 tests to $8421.00 in the January 2011 test results."
As info from the PR (dated 3/17/11) listed below shows, Scott Plummer consulted in the second assay test of the black sands. He is apparently not new on scene...
In a letter to Sunergy dated February 14, 2011, Scott Plummer of RMS Ross In Chilliwack, BC, Canada discusses the January 2011 test results from Inspectorate Exploration and Mining Services Ltd. and compares the June 2010 testing as follows: "The initial ALS Chemex test work was conducted on the black sand concentrate samples that were recovered from locations throughout your Pampana concessions. These results revealed a strong presence of valuable rare earth metals and other related metals that carry significant value and are quite rare. See Press Release dated December 7, 2010.
"It was therefore proposed that a second series of mineralogical tests be conducted that were considerably more expansive than the preliminary tests, and that they be conducted at Inspectorate Exploration and Mining Services Ltd, in their Analytical Division in Richmond, British Columbia, Canada. This was decided, since it was known that they had purchased state of the art analytical equipment that would be able to determine very accurately the complete range of rare earth metals and other related valuable metals. This was to verify the accuracy of the previous body of analytical work at ALS Chemex and would reveal a more complete range of metals of value in the Pampana River black sand samples.
"What was found in the second body of test work verified the initial work as being credible, and was able to demonstrate additional values. The large increase in the estimated average value of metals per ton was due to both the expanded range of metals tested for, some more accurate test work that was conducted, and also directly relates to the considerable increase in rare earth metal values over the last year. Together, they account for the increase from $3395.00 per ton of black sand in the June 2010 tests to $8421.00 in the January 2011 test results."
Would be nice to have the option/ability to purchase/rent one of the Costa Rica units with the gains from a healthy MHYS run-up. I, for one, am very exciting about this company's potential. I don't think the explosion will be pronto, but it's coming for those who are willing to be patient. All IMO.
HM
Would be nice to have the option/ability to purchase/rent one of the Costa Rica units with the gains from a healthy MHYS run-up. I, for one, am very exciting about this company's potential. I don't think the explosion will be pronto, but it's coming for those who are willing to be patient. All IMO.
HM
I had the exact same thought. Always wanted to go to Costa Rica!
HM
Please send to: barrsden@gmail.com. Thanks.
HM
It seems as if negativity, doubt, and nervousness has seeped into the conversation/consciousness here as a result primarily (from what I can tell) of SNEY's SP not having risen after getting current, removal of CE and uplist.
To me, becoming indignant at the static SP after these events only is as ludicrous as the following scenario. If you were selling your vehicle with all the amenities except it was missing an engine, would you get pissed off because all the potential buyers were unwilling to pay "fair market value" for the car? Of course not! Even putting the car up for sale at the most visible/reputable site available (i.e. uplist) any reasonable person would not expect to maximize the sales price of his car under such a scenario. It's all about value and we have lots of dots to connect that suggest the value is there...it's just not proven and officially reported... yet. Obviously, that will happen with the production/results PRs coming.
Our situation could be compared to Christopher Columbus's voyage. After months at sea and no land in site, you can imagine the anxiety they felt. Well, a steady hand on the tiller and a firm resolve brought them through their ordeal and we need to do the same. Have confidence in your investment and hold on for the ride, or bail out and try to refrain from discouraging others.
HM
Here's a very good interview with one of the most respected individuals in the precious metals field. I found it helps to keep things in perspective....
HM
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/8/4_James_Turk.html
While not an optimistic forecast overall, this should bode well for any SNEY longs going forward.
HM
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/2_Gold_%26_Why_We_Are_Facing_A_Real_Catastrophe_Going_Forward.html
That was fast!
HM
Here's an interesting perspective on the looming financial collapse which would likely spell good news for SNEYsters.
http://sgtreport.com/2012/07/the-economic-collapse-for-dummies/
HM
To repeat info from an earlier posting, SP told me shortly after the original REE announcement that their initial, very rough estimate of REEs on the SL concession was that there was enough to supply the world for five years based on then current usage. A lot has happened since then but at least that's a starting point....
HM
Many thanks for returning and keeping us informed. Sounds like Godot is breaking from the script and will make an appearance after all!
HM
From a macro standpoint, this should bode well for our investment:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/13_We_Are_Within_Months_of_This_Crisis_Blowing_Wide_Open.html
HM