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Mundie, Ben,
Reclamationist (MLRR)
ben.a.mundie@mlrr.oregongeology.com
Albany Office 229 Broadalbin St. SW 97321 • (541) 967-2149
Posted by: loantech
In reply to: Joeiniowa who wrote msg# 243 Date:9/22/2007 8:59:38 AM
Post #of 319
Joe when I called the reclamationist for DOGAMI he said DGRI is producing under the exploration permit still which restricts mining to 5,000 cubic yard which we all know.What he seemed to say to me, IMO, (everyone do your own DD) as this is opinion, was that in effect has been NO work done and that DOGAMI has received NO paper work towards obtaining the commercial permit. Not sure if that is true but it got me out. In addition there was a remark made about problems at the mill. I did not seek further information as it was right before the market closed and I wanted out so completed the call in order to call my broker.
Tom
joe summarize the details here please.
I advise you to call the Oregon Water board and speak with them about the permitting process. Also no financials this is a bogus company period.JMO.
Also no work on production permits IMO.I called the water quality board. Only exploration permits that is why production goes to a standstill after they move a bit of dirt here and there.
Where are the quarterly production numbers?
Joe I think it is pretty scary that as small as this company is they cannot or will not put out proper financials. I was also dismayed when I talked to the person in Oregon that would need to sign off on the commercial production permits. It appears as though ZERO work has been done towards this objective. Dutch is working on an exploration permit only and will not be able to up production. IMO a lot of problems here if one scratches below the surface.
Joe I will keep dgri high on the radar screen. Little bit of work towards the otc and permits the stock is triple from here but still a good buy.
Joe many thanks. I will keep a very close eye on things but have to take a more cautious wait and see methodology right now.
All the best,
Tom
Joe other opinions and interpretations are valuable. I got in a hurry when I called but was satisfied with what I heard from the Department.Please call and discuss the permitting and mill issues with the proper authorities and let us know what you think then:
http://egov.oregon.gov/DOGAMI/mlr/contactsmlr.shtml
http://www.oregongeology.com/sub/mlr/MLRRForms/AmendmentApp.doc
Joe when I called the reclamationist for DOGAMI he said DGRI is producing under the exploration permit still which restricts mining to 5,000 cubic yard which we all know.What he seemed to say to me, IMO, (everyone do your own DD) as this is opinion, was that in effect has been NO work done and that DOGAMI has received NO paper work towards obtaining the commercial permit. Not sure if that is true but it got me out. In addition there was a remark made about problems at the mill. I did not seek further information as it was right before the market closed and I wanted out so completed the call in order to call my broker.
Tom
<There are hoops to jump through before Dutch Gold gets close to processing 300 tons a day year-round, despite having permits from the Department of Geology and Mineral Industries, Department of Environmental Quality, Department of Water Resources and others.
At the Benton Mine, the company still operates under an exploratory permit from the 1990s, according to Ben Mundie, reclamationist for DOGAMI.
That allows mining of only 5,000 cubic yards of material a year. Wilcox said ore from the Benton is 3.27 tons per cubic yard, so the permit allows about 16,000 tons, which would run the mill about 50 days at full capacity.
To go beyond, the company needs an operational permit, and there are only a handful of mines with a full operating permit in the state, Mundie said.
“They’re touting themselves as a fully operational, fully permitted gold mine,” Mundie said. “There’s going to be some engineering required to get that operational permit. It will have a lot tighter control than the current permit.”
“We are applying for that right now,” Wilcox said. “By the time we get to the point where we need that, we’ll have it in place.”>>>>>>>>>>
I strongly advise all investors in this stock to call the DOGAMI board as I did. I sold all the stock I bought Monday yesterday and today I could not get out fast enough. <NG>
They may bring you up to speed faster on the commerical permit applicaiton process than what you are hearing from the management at Dutch. I was surprised and angered.
Check it out for yourself this is opinion only JMO and do your own DD!
Thank you. I will check things out. Looks good to me in many ways also.
Tom
The permit may be hard to get. The Dutch is not that far from the fated Formosa mine. I live in Oregon and permitting is difficult and now wish I had done a bit more DD before jumping in with both feet.
Do you know the regulatory branch most responsible for this permit?
Hello Joe,
Can you update me please on the OTC filings and when to expect an OTC listing? Does the Benton now have an operational permit and if not do you know why not or when the permit is to be issued?
Thanks in advance. I have a lot more of the thread to review and my answers may lie ahead.
tom
This stock has been apump and dump period.
Those are ditech ads but funny. <g>
When are we getting financials for Queenie? Going to pop the sotck?
Artie my friend I was wondering where you went from the QRL SH board.
Tom514/loantech
NW, CGE, TK #4?
TK crapped out.......
Might help. Those preliminary grades sure were good. I guess if the gold is sitting in pockets like inverted pancakes depending on the drill angle it could mean the drill would hit barren pockets every so often. I guess it might dilute that 7-8 gram stuff by 3-4 times?
That answers all my questions. Let's hope it is a rainmaker. Why not? I have hit some decent ones but never a big one. <g>
If not I should be. <g> 80K. I think the downside on this is 20 cents but really do not have a clue.
Great samples.
Do you own it and like their chances?
tf if you like please remove my post also.
You have got to be kidding. You have found a game with less risk than grassroot exploration companies.
Just give us the inside tip and the racing form now you jerk.
You are dumber than a cat turd.
To the moderator: Sorry about the tone but where did this wizard fly in from?
Got the bar on the desktop. Thanks. <g>
For me CKG saved my PF from many other bad trades I made this past year. I an still standing though. I have sold off more than half my original CKG stash but as others continue to do well like GYD I will sell off chunks of them and buy my CKG back.
I should have been more proactive with CKG (and as few others) although I ended up managing that one quite well I could have done much better..>>>>>>>>>
Do you mean selling in the 7's and buying lower or buying earlier or just holding?
Hi Frank! <g> I bet Frank is super enjoying the tour today.
Up up!! <g> Off to the grocery store.
I do not do much if any TA but I am hoping we can get to old highs around .40.
U bet. <g> I see you have a chart on GYD a few posts back. How high might GYD go on good news this next week? I am thinking .35 maybe.
Or on Monday is when GYD will release news.
TF somehow I replied to kastel about TK. I think by Mid March we may have TK news.
Take care,
tom
Kastel we are fine. No problem. If we all agreed on everything it would get boring. We have corresponded enough that I know you are good people, plus you enjoy your kids and like to hike. We have a lot of good similarities right there.
Best of luck this next week or so when we start getting our PDAC news on some of these things.
Tom
TF,
Claude had another post where is stated he still really likes TK FWIW.
Tom
marcos and amarks are the one on alamos.
TF,
After yesterday I am beginning to wonder just how much paper is still coming out. Last two days would be 6-8% of the float I think.
I hope so too. Claude sent out a nice email last night though. He really likes the stock so I do not have buyers remorse from my additonal purchases yesterday. <g>
TF what was your take on the TK news?