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They are supposed to process ore for other mines to generate revenue to develop their own resources.That was their stated plan anyway.Unless the assays are just too good to wait for revenue.Someone might just buy this whole operation lock,stock and barrel.
Hi Brendan.How have you been?I'm sure something is going to happen for the best real soon here.Once this breaks out and everyone starts to try to get in at any price,its going to be pandemonium around here.If the current assays are even close to the historical ones,that should happen.Than i'll be wishing that I had bought another 50 mil.
The NR is referring to tonnage.How much gold and silver per ton.The values they used were more recent.Gold never got to $1500 in the 70's.The last paragraph is my own calculation using those figures X the mill capacity.YES,this could move up quite nicely .You are getting in at the best possible time.
I would say that they should be better or at least equivalent.That property has'nt been mined in over 100 years.Technology has improved.Don't know when the historical assays were done or how.
An excerpt from the company N.R.on 29 September,2011
Quote:Historical assay results for the King Solomon Mine have revealed gold at 0.15 ounce per ton, but more importantly silver content as high as 42 ounces per ton. At $35.75 per ounce for silver, that represents about $1,500 in dollar value per ton. Combined with gold at $1,500 per ounce, total value per ton could be as high as $1,725 per ton.(End Quote )
With a 700 TPD mill running at full capacity,we have $1,207,500 per day revenue potential.And thats only one of CGFIA's properties.They have 4 that I know of.The current assay results are due out soon.
Tomorrow sound great to me.I hope it happens.
It's going to happen sooner or later.And when it does,It going to be big.(Breakout)The recent assays are going to have to be at least as good as those historical ones.They should be out soon,Should'nt they?(assays)
Exactly.It would have to be a well calculated move;exactly like the TGB one.But like you said if we could make the shorts cover,the PPS would have to go up.Then if others would add to their positions at the higher PPS once we broke out,where could we send the PPs of CGFIA?If it could somehow be coordinated with the company releasing assay results or other good news,We would all be quite happy.(I have to see about market orders on stocks under $1.Thats something I did'nt think of)Thanks for your input.
O.k .Thanks for the info.What about a large market order of say 2o mil. at the open Would they have to fill them in order of succesion according to what level II shows or could they fill them at lower(ask) price or much higher price?How could they evade something like that?Just theoretically speaking?I'll use this stock for an example:look at TGB in mid oct,2010.Someone dumped 5 mil at the market,dropping the stock from $7.5 to $4.25 about in 5 minutes taking out all stops.then they bought 5 mil at the market once it hit bottom,Driving it back up to $6.75 within 15 minutes.It was called a "flash crash" and no S.E.C.action was ever taken.By many people doing the opposite here,we could create what would be the opposite of a flash crash.They would have to fill the orders at a higher price finally,Wouldnt they?(MM's)
Could'nt 1 person do the same with multiple orders?Your only talking $100.+ commission.Would'nt the orders get filled at the lower ask price?
I woold buy 1 mil at .ooo5 if it would get this to move.It's only $200.difference.And then another mil at .0006,.0007 and on up.Could'nt the MM's dump to each other at .0002 to protect short positions though?Anyway,a breakout would be achieved and a buy signal generated.More people would come on board if that happened.(IMO)
Thanks for all of the great info that you two gentlemen post and all of the time that you put in to keep us up to date on the progress being made with CGFIA.Much appreciated.EOM
O.K 567tbd.thanks.just an oversight on my part.can you send it back and i'll fix the error/
I hope that you compensated awareness guys brought some heavy artillery($$$$)with you today.We need some buys of 100mil or more like the lots that they(MM's) were dumping yesterday.I'm trying to free up some $$ so I can get in on this.A market order of 1 bil shares at the open would shake things up here.
There are photo's of the inside of the mill that have been posted here.Maybe one of the monitors can show you where to see/find them.It is in excellent condition ready to begin operation as soon as the C&D order is lifted.
Me too.Just a lurking around taking in all the info being posted.I think that one day soon this will take off to unprecedented highs.Today was a nice try but no cigar.Can't wait to see what happens tomorrow.
Yo LtColumbo;Where have you been?Long time no see.
There have been a lot of positive facts about CGFIA posted here in the last few months and progress is being made on getting the mill operational and resources determined.When all this happens,we will all profit.Today was a valiant effort to make the shorts cover but not enough firepower.Maybe tomorow it will be different.Sooner or later we will prevail.I hope that you hang around and join the flotilla.
I would have been very happy to get some at .0003c today.I have my funds tied up elsewhere.I am confident that one day this company will operate the mill and am able to wait it out.To me .0003c is a great entry price.This is going to take a lot more volume to make the shorts cover.Like someone buying lots of 100mil at the ask like they were dumping them at the bid.Anyway:Tomorrow is another day and we'll see what happens.
Some really good news from the company could turn this around right now.Assay results,permit approval,whatever.This is just more of the same old daily routine in high volume.If you bought in at .0003c don't worry.I bet you still will profit from this.Maybe not today but in the near future.Hang on to those shares no matter what.(IMO) GLTA
That was then and this is now.If we can break out today,A strong buy signal will be generated and the automaticity will kick in.Now its just curious risk takers giving it a shot.If big money moves in,look out.I thought you were refering to todays volume X .0003c PPS
You mean $45k,don't you.Thats chump change.We need some big money to come onboard.A couple buys of 100mil. shares
Wrong country
American Sierra Gold Corp. is a development-stage company. The Company is engaged in the precious metal mineral exploration, development and production. It seeks to acquire, explore and develop gold properties in North America. The Company owns two exclusive options to acquire undivided legal and beneficial interests of up to 100% of 10 mining concessions in Sierra Madre, Mexico (the Urique Project). As of July 31, 2010, the Company is developing one project. In addition, as of July 31, 2010, it acquired six mineral claims in the Adams Ridge area of British Columbia (the Adams Ridge Project). As of July 31, 2010, it did not generate any revenue.
American Sierra Gold Corporation
An excerpt from the company N.R.on 29 September,2011
Historical assay results for the King Solomon Mine have revealed gold at 0.15 ounce per ton, but more importantly silver content as high as 42 ounces per ton. At $35.75 per ounce for silver, that represents about $1,500 in dollar value per ton. Combined with gold at $1,500 per ounce, total value per ton could be as high as $1,725 per ton.
If this goes well we could see .002c by noon today.
They are here to get this moving for us.Last Nov 1.2010 they showed up and drove us up to .0049c.Then with the pending permit approval it stayed in the .003c range until the hearing in Dec,2010.This would be a great time for the company to release any good news that they have on assays,NI43-101,mill progress.
I bet that something happens real soon here.This is not just CGFIA that has been dropping in pps over the last 10 months.I have other holdings with enormous known reserves in the ground that have'nt moved at all.That dose'nt mean that they won't .Even the major producers are extremely undervalued at the moment.When this moves ,it will be big.HL,who was supposed to be working on some type of project with CGFIA,made a nice move up last week.This coming week could be the one we all have been waiting for.
Hi Brendan.We all know that there is great potential with CGFIA with the properties that they have and the mill.When they finally get this all together,we should see some serious upward movement in PPS.I'm hoping that something happens on Nov.1 like last year.Hecla PPs finally started to move up last week.Maybe something will happen with them and CGFIA soon too.Anything is possible and the sky is the limit here.
I guess you only got half of the message.I'll just redo it and maybe it will look better.Anyway;here is the whole calculation. This is an excerpt from the company NR on 29 sept,2011 posted by Burkhard on 16 oct,2011
Quote:Historical assay results for the King Solomon Mine have revealed gold at 0.15 ounce per ton, but more importantly silver content as high as 42 ounces per ton. At $35.75 per ounce for silver, that represents about $1,500 in dollar value per ton. Combined with gold at $1,500 per ounce, total value per ton could be as high as$1725. With those #'s X 700TPD mill capacity,We are looking at potentially $1,207,500 day revenue.And some analysts are projecting much higher metal prices .And that is only one of our mines.When I look whats ahead for us,all I see is $$$$$$ (The quote ends after $1725)
Sorry,I messed up the text of the last post.You read the excerpt from the NR though.With those #'s X 700TPD mill capacity,We are looking at potentially $1,207,500 day revenue.And some analysts are projecting much higher metal prices .And that is only one of our mines.When I look whats ahead for us,all I see is $$$$$$
Good morning Brendan.Here is an excerpt from the company NR on 29 Sept,2011 posted by Burkhard last night
Historical assay results for the King Solomon Mine have revealed gold at 0.15 ounce per ton, but more importantly silver content as high as 42 ounces per ton. At $35.75 per ounce for silver, that represents about $1,500 in dollar value per ton. Combined with gold at $1,500 per ounce, total value per ton could be as high as $1,725 per ton.
Thank you for posting that info sem1.Very useful.
In the next month we should see the assays and the NI43-101.This was posted by 567tbd in post #26508 last week.If they are good,the PPS should move up.
Thats even better news.They have been paying this down.Only $300k left.The morale of people on the board here seems to be improving.Maybe all these positive facts are starting to sink in.
Thanks for the info.I think they got a heck of a good deal on this mill and the mines/claims.I think the permit is a definate too.Once they get into production at full capacity,$650k will be weekly revenue PPS should be quite a bit higher too.
Something good is going to happen pretty soon.I can just feel it.I have other stocks that have been behaving like this one since last January.Even though gold is way up,the mining shares are way down.That will all change pretty soon when gold makes another move up.We have an excellent chance of doing something extraordinary here.Patience is the name of the game until then.Have a great weekend.
How much do they actually owe on the mill right now?Once the tailing ponds are reclaimed,the environmental bond money will be reimbursed.Would that be enough to pay off the mill?Do you think if the mill was fully paid for it would make any difference in peoples perception of CGFIA,Or would it be better to use that money for other projects?Your posts are very informative and helpful to put this into perspective on how close we really are to having a fully operating mill with mega resources to develop.Thank you 567tbd;for taking the time to post this information,and to all others here who contribute facts related to the progress being made here.
Good morning Brendan.Something good is bound to happen soon,And all the naysayers will be silenced.Did you read that article link I posted in my reply to you several days ago?Mines like CGFIA are going to be in big demand when that scenario happens.I'm looking forward to the assay results.That could be our catalyst to send this higher.
I get that sometimes.They are always very bullish on gold and silver.$2000 gold/$50 silver by the end of the year sounds good to me.We probably have lots of each in our mines.News like that makes me feel good about owning my shares of CGFIA.Maybe Sprott will take a position in CGFIA.That would be good promo.for us.
Did you sell any?I did'nt.