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.
Deepsea
You know the big dredgers are for depths up to 105ft. You start with the smaller dredgers up to a depth of 35ft. Also you guys know that dredgers cannot take out trees. They are getting the trees and overburden removed and land prepped all included in the cost of the test mining. I believe once this is done the dredgers will be put into play and the test mining company will be sent to prep another area.
They are getting all this work performed with no upfront money.
You cannot throw a dreger in the middle of the jungle and say go to work.lol
Small scale and larger scale centrifigal concentrators.
http://video.mining.com/videos/1814c0/icon_introduction_video.aspx
http://www.seprosystems.com/images/stories/sepro/pdf/sepro-new-address-brochure.pdf
Once you see a strong upward movement, an announcement on the test mining results will probably follow a week later. Good news and bad news alike are hard to keep quiet.
Dated April 06,
Michael Stocker, Goldsand's CEO states:
"Because the initial area sampled may contain isolated hot or cold spots (of unusually high or low gold yields), GoldSands Development Company will not attempt to reach a conclusion about alluvial gold yield based upon just a few days production. Instead, the Company will analyze and report production figures to shareholders, only after having analyzed a flow of production information over a period of several weeks
2011
2 or 3 or 4 weeks from now. What ever defines several weeks.
At this rate we will be at $1.00 plus before we get the test mining results.
Where is afreedecat and 1option?
Looks like what we are doing now except they are not using centrifigal concentrators to maximise production of alluvial gold. I am guessing GSDC is going to process more bulk alluvial gold than these operations. The test production that GSDC is currently running is also a prep operation for IHC Merewede dredgers toting a floating plant. These dredgers will take over where the current test production left off going deeper and working more efficiently. I read some where that there is zero alluvial gold loss in the tailings of these dredgers toting a floating plant.
I will buy more when it drops tomorrow. Hopefully the low twenties will be the bottom before it returns to the thirties range. Go take a shower and put your profits back in tomorrow.
Shares are free to trade now. Expect a temporary share drop from profit taking.
Our V.P. of Exploration, Jim Prudden has observed:
"At our Gold Sands Project, we have found grades up to +700mg/m3 Au. The first consistent report recorded 161mg/m3. There are several other places in the world which are in production with grades lower than 100mg/m3. For example, an alluvial gold mining operation in Colombia is running profitably, accessing placer gold values that are substantially lower than some of the drilling results thus far discovered on Constitution Mining's Gold Sands properties (144mg/m3)."
To put this into further perspective, consider that Grey River and Fox Creek, two dredge operations near Arahura, New Zealand, operate profitably on throughput placer materials running 60 mg/m3 and 143 mg/m3 of gold respectively. As noted previously, during some of Constitution Mining's delineation efforts "color" is indicating gold grades that are nearly 4 times the level at which the aforementioned placer operations are conducting a profitable business!
Our mining team has determined approximate cost of production at $2-3 USD/m3 with a Gold value of $6 USD/m3 (assumes gold at $1,200 USD/ounce).
When calculated using gold values observed in the Second Channel during the Phase II Drill hole program as a basis, and with a cutoff value of 50 mg/cm3 (using the middle of the estimated range and assuming $1,200 gold), it can mathematically be shown that mining this channel would cost around $370/ounce of retrieved gold.
Many hard rock/open pit mining operations today report their mining cost of gold acquisition to be in the neighborhood of $650 - $700 + the ounce. If our company's alluvial gold values which the drill teams have been finding remain reasonably constant and we acknowledge that this is a big "if", Constitution Mining's projected cost of $370/ounce would compare very favorably with hard rock/open pit operations - coming in at around one-half the cost. Or stated another way – at twice the profit!
Good news will be the results of the test mining in the upcoming weeks. No reason not to see .51+ tomorrow
That's because your eyes are closed and you have returned to the pineapple stage.
http://www.ithinkiamdrunk.com/wasted/DesktopModules/Repository/MakeThumbnail.aspx?tabid=36&id=43
Dated 3/29/11.
Based upon the information thus far received, we anticipate that alluvial gold extraction from the test production site will commence within this week. We eagerly await preliminary results from these efforts, and look forward to sharing them with the public and our shareholders when this information becomes available.
We should have about 1 week of production under our belt.
Hopefully the news will be simultaneous with the share exchange.
Poor ole 1option. Passed out on the floor. He's short and can't sell his shares.
afredeecat
I can see this going to .25 to .30 as long as the sellers shares are tied up under CMIN. If news is released when our shares are exchanged .50 to 1.00. If our CMIN shares are exchanged before news then back to .15.
That is my guestimation Pineapple man.
The timing of the symbol change/announcement of the SEC Investigation seems a little suspicious. My shares are locked up until they are exchanged by the company. The timing prevents a panic sell off and buys the company time to announce positive news to offset the SEC announcement. I still believe we will have positive news in the upcoming weeks.
I nominate 55 chevy to be our new moderator.
afredeecat
It's only money. Drink a pina colada and relax Pineapple Man.
Yes for now it is. but you are very boring pineapple man.
Chevy you won't hear from him until around noonish. Let him sleep it off.
http://www.ithinkiamdrunk.com/wasted/DesktopModules/Repository/MakeThumbnail.aspx?tabid=36&id=43
Don't be sad alfredee. Buy more CMIN for the next 80% run to .30.
http://us.123rf.com/400wm/400/400/dundanim/dundanim1003/dundanim100300061/6604509-portrait-of-sad-unhappy-bored-depressed-man.jpg
stock up 70% from last December. I hate percentages.
So what are you trying to say? CMIN is lying about Swiss Mining? CMIN is a total scam?
What?
Everyone is entitled to their opinion.
No disrespect taken.
I thought we discussed this already.
As of May 2008 a surprising 47% of small businesses in the United States still did not have websites, much less a developed third world country such as Peru.
Why don't you join me on the trip to Peru.
http://translate.googleusercontent.com/translate_c?hl=en&sl=es&u=http://www.universidadperu.com/empresas/swiss-mining.php&prev=/search%3Fq%3DSwiss%2BMining%2Bs.a.%2Bperu%2Blista%26start%3D50%26hl%3Den%26sa%3DN%26rls%3Dcom.microsoft:en-us:IE-SearchBox%26rlz%3D1I7_____en%26prmd%3Divns&rurl=translate.google.com&usg=ALkJrhi_AvoSUmyfHLuqR9YMFshEr6_1Mw
I will tell you when I go there. I am going to try and make it later this year to visit Trujillo,Tarapoto, and Iquitos. The mining camp is out of the way but I will make the effort to go there. I would like to see it for myself also.
As of May 2008 a surprising 47% of small businesses in the United States still did not have websites, much less a developed third world country such as Peru. They are probably the largest mining operation in the area because they are the only ones in that desolate part of the Amazon basin other than mom and pops operations.
It seems to be a newly formed and non-public company created in 2009 by miners with years of experiece. If PABLO NEYRA is involved he has a website listing his 20 years experience.
http://www.auminera.com/management.html
When they have a couple of successful mining ventures under the name of "Swiss Mining S.A," I'm sure there will be a website.
You need to ask the operator for a country code. Telephone: 4226123. I think it is 51-1 4226123
Try this e-mail to see if PABLO NEYRA has anything to do with Swiss Mining S.A.. alex@aumineracorp.com
Stocker Group in Lima is +51-1 446 6807
I thought it was pretty funny. Didn't you? Don't leave me hang'n.
What implication are you refering to?
I bet you stay phlegmed up with things like French fries not being from France and towns in the US named after foriegn cities such as Paris Texas. I bet this one really gets you boogered up "Swiss Meat & Sausage Company" from Swiss Montana.
Someone please get gropnggnome a napkin.
Who knows why. Is it that important? Maybe they have Swiss investors or Swiss Tecnology or their favorite cheese is from there.
It is also Swiss Mining S.A.
http://translate.googleusercontent.com/translate_c?hl=en&sl=es&u=http://www.universidadperu.com/empresas/swiss-mining.php&prev=/search%3Fq%3DSwiss%2BMining%2Bs.a.%2Bperu%2Blista%26start%3D50%26hl%3Den%26sa%3DN%26rls%3Dcom.microsoft:en-us:IE-SearchBox%26rlz%3D1I7_____en%26prmd%3Divns&rurl=translate.google.com&usg=ALkJrhi_AvoSUmyfHLuqR9YMFshEr6_1Mw
It seems PABLO NEYRA is also a player in Swiss Mining S.A.
PABLO NEYRA - COO.M
Metallurgical engineer graduated from the National University of Ica, Peru. With over 20 years experience in Mine Operations, Consulting, processing plant start up, plant operation, supervision and management of mining operations in Ecuador and Peru as well. As a General Manager of. Cía. Minera Liga de Oro S.A. Bella Rica, Ecuador, improved ore production from 2 MTD up to 200 MTD. He was a Project coordinator for several Canadian Junior Mining Companies in Ecuador and Peru. At the moment is the Operation Director of Cia Minera Caracol SAC of Peru, COO Swiss Mining S.A. and Consulting Engineer for several projects in Peru and Ecuador.
http://www.auminera.com/management.html
The Chairman's letter by Patrick C. Gorman from Constitution Mining sent by e-mail to investors who sign up for it on their website. Great buy at 15.5
Where We're Going
During the past 3 years, Constitution Mining has actively evaluated this project and has decided upon the following exploration and drilling protocols.
Trial Mining – 6 months
Based upon recent very encouraging drill results, the Company has entered into an agreement with Swiss Mining S.A. to implement a test/pilot mining project – which is expected to be operational in the First Quarter, 2011.
This 'proof of concept' test mining operation will gauge the feasibility of conducting further large-scale, long-term placer gold recovery operations. It will provide cost inputs so that the Company can determine the price of harvesting gold from these richly-endowed alluvial sands. The results will also be studied to determine if an expanded agreement between the Constitution Mining and Swiss Mining covering a larger area is justified.
Full Scale Mining – 36 months
Constitution Mining's strategic plan is to implement a carefully-staged full scale mining program involving multiple scaled-up units. These units will be self-contained and capable of working through the entire gold acquisition cycle: stripping – mining – recovery – reclamation.
The production capacity of each unit is anticipated to be in the neighborhood of 22,500 ounces/year. 5 – 10 units placed into operation would have the potential to produce 100,000 – 250,000 ounces of gold per year . . . for 25 – 75 years!
Estimated investment to undertake and implement this program: $20 - $30 million USD, with end result development/production costs dependent upon the specifics of an agreement with potential mining partners or contractor(s).
Compare this projected capital expenditure and start-up to full-production time frame with that of an "open pit" operation, which can cost anywhere from $250 million to $1.5 billion, take 8 – 12 years (or more) to reach the same stage that Constitution Mining could be able to achieve at a fraction of the cost, in a fraction of the time – and with a nominal environmental footprint to boot! And whereas many operations have to drill thousands of feet down to find the ore, then build shafts to mine it and hoist it to the surface, harvesting our alluvial gold sands usually involves going down less than 100 feet!
The letter confirms what most of us have already discussed. This is not new information. No need for a press release.
"Core" numbers and facts for the Gold Sands Project
- Constitution Mining controls 461 square kilometres of Gold Sands in north-eastern Peru.
- Exploration work undertaken between 2009 and 2010, confirms an immense amount of potential for the project.
- Between 2009 –2010, the company executed two drill programs with a total of 126 drill holes to confirm Gold values.
- Together with IHC Merwede, the world's biggest dredge construction company, a Master Plan has been established to start production in 2011.
- Our costs of production are estimated to be approximately 2-3 USD/m3 with a Gold value of 6 USD/m3 in the drilled out area. (Calculated with Gold at 1200 USD/ounce)
- This difference between the cost of production per m3 and the Gold value per m3 is what gives us confidence that we are looking at a highly profitable project.
There should be no reason why we will not have solid news this month. Unless they want to wait to announce results along with the name change March,31 2011.
The de-forestation of the land for mining and dredging are legal as long as you own the claim, do the permits and pay the taxes. These lawless dredgers go as they please polluting the water with mercury and not paying the government anything. Good Riddance
The idiot that posted this rant conveniently forgot to mention that Peru is targeting illegal operations that pollute and avoid paying taxes.
http://www.incakolanews.blogspot.com/2011/03/scam-we-know-as-constitution-mining.html
Peru's Military is shutting down the illegal mining and dredging operations that use mercury. These illegal operations also avoid paying taxes to the Peruvian Government.
http://www.bbc.co.uk/news/world-latin-america-12517915