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We keep moving up on the boards now #24 but I don't want people to know about it yet! My Funds don't clear til Thursday! I want to add 10k more at these levels before it flies to quarter land.
Chocó's main source of income comes from the gold mining industry, as it is the second-largest producer of that precious metal in Colombia. The San Juan River valley is one of the richest platinum regions in the world, so platinum mining is another important economic activity. Silver and copper are also mined in Chocó.
This is where we are mining!!! I keep getting more and more excited as i research!!
Another gold mining hotspot lies in the heart of the tropical rainforest along Colombia’s Pacific coast, namely in the municipality of Buenaventura, in the department of Cauca. This area forms part of the Chocó biogeographical region, and is covered with dense rainforest and criss-crossed by major rivers like the Dagua, a source of life fed by many others like the San Cipriano River, for which a tropical rainforest reserve is named.
found this on the net in an article about columbian mining!
Indemia is in Choco on the Dagua
This guy is great! Thanks for moving us up on the Breakout boards with all these posts!
Anyways im pumped for the volume to roll in so we can explode into quarter territory
CETH big buy just hit!!! @ .074 5K left then BLAST OFF!!!!
CAVR about to go big!!! huge LOI this was alerted at .007
i alerted ASYI on my twitter @ .0014 because of the volume spike
CETH DD Lets start from the top, CETH is now Indemia Gold. Indemia has a claim for 200 hectares with an option to get another 800!
Indemia mines on average 21.8 troy oz of gold a week, and 7.3 troy oz of platinum a week. This equals 1,133.6 oz a year in gold, and 379.6 oz of platinum a year.
Current gold price per oz is $1,699
Current platinum price per oz is $1,665
so
$1,699 per oz x 1,133.6 oz of gold = $1,925,986 per year for gold
$1,665 per oz x 379.6 oz of platinum = $632,032 per year for platinum
Total = $2,558,020 per year
NOW they are only mining on their 200 hectares of land not the full 1000 hectares that they have available, now the kicker, on their 200 hectares they are only mining on 3% of the land!!! HUGE POTENTIAL HERE!!!
Lets punch some numbers.
If they mine on a total of 30% of their 200 hectares and keep the same daily average they will get $25,580,200 worth of gold and platinum!!
If 60% of the land, $51,160,400!!!
Keep in mind that this is ONLY on their initial 200 hectares!
Now what if they decide to lease the additional 800 hectares? THIS is where the money gets HUGE!
Say they mine the additional 800 hectares and mine 60% of that land and keep the same daily average of gold and platinum the result will be $255,802,000 PER YEAR!!!
WOW!
Currently the A/S is at 690,000,000 shares
O/S is at 174,782,642
Float is at 11,851,778
Now lets estimate some share prices!
Mining 30% of the 200 hectares = $25,580,200 / 174,782,624 = $.14
Mining 60% of the 200 hectares = $51,160,400 / 174,782,624 = $.29
Mining 60% of the total 1000 hectares = $255,802,000 / 174,782,624 = $1.46
As you can see the potential here is HUGE and this is just the ground floor. Im glad i have my tickets to the show! Do you?
bid moved up again! but we are still not selling!! go CETH!!
CETH is on the launch pad!!!!
EXACTLY! reminds me of TM*H but this is an actual merger with a real company! that ran from 3 cents to 75 cents in 2 days after a few pr's were released! Thats what im waiting for here!
CETH when the market catches wind of this amazing merger, this thing will FLY!!! only 11 mil float and it is LOCKED UP!!
Investor-talks calls for today!! as soon as CETH gets volume its going to EXPLODE!!! watching it.
So here is a recap of my calls for the day
AAPT called at .005 im still calling this
ATRN .
BLKL called at .003 still calling this
CETH called at .004 still calling this
SNPK called at .39 currently at .67
XNEZ called at .007 currently at .015
Im waiting for the market to catch wind of this and that huge volume spike to hit! THEN things will get exciting, i think the next PR will bring that!
investor-talk's calls! as soon as CETH gets volume its going to EXPLODE!!! watching it.
So here is a recap of my calls for the day
AAPT called at .005 im still calling this
ATRN .
BLKL called at .003 still calling this
CETH called at .004 still calling this currently at .074
SNPK called at .39 currently at .67
XNEZ called at .007 currently at .017
CETH up to .074!!!! GET IN NOW!!!! 11 mil float and its going to EXPLODE this week!
up to .074!
XNEZ up 185%!
XNEZ will be a big gainer today! Keep your eye on it! Also CETH!
Convergence Ethanol acquires platinum-gold Choco Placer Mine 9th March 2012
platinum 2 ws
Convergence Ethanol has acquired the gold-platinum Choco Placer mining operation, near Union Panamericano, Colombia.
The firm, which will change its name to Indemia Gold to reflect the new business operation, says all required exploration, environmental and mining permits have been approved by national and regional authorities.
Operations at the Choco Placer mine halted in August 2011 to pursue access to capital markets, the company said.
Weekly production at the mine stood at 7.3 platinum ounces and 21.8 troy ounces of gold.
The company says less than three per cent of the land package, which consists of 200 hectares with an option to purchase an additional 800 hectares, has been worked.
"Choco affords us the ability to implement our near-term business strategy to become a gold producer as quickly as possible," said president Joseph Arcaro.
"Ultimately, it will allow us to fund our long-term growth plan to conduct exploration for lode prospects, where we will focus on identifying and proving up multi-million ounce gold resources."
Source:
Chocó's main source of income comes from the gold mining industry, as it is the second-largest producer of that precious metal in Colombia. The San Juan River valley is one of the richest platinum regions in the world, so platinum mining is another important economic activity. Silver and copper are also mined in Chocó.
This is where we are mining!!! I keep getting more and more excited as i research!!
Another gold mining hotspot lies in the heart of the tropical rainforest along Colombia’s Pacific coast, namely in the municipality of Buenaventura, in the department of Cauca. This area forms part of the Chocó biogeographical region, and is covered with dense rainforest and criss-crossed by major rivers like the Dagua, a source of life fed by many others like the San Cipriano River, for which a tropical rainforest reserve is named.
found this on the net in an article about columbian mining!
Indemia is in Choco on the Dagua
I saw that too and thought the same thing! This will amaze us all as the more news hits and the sp flies!
CETH is going to fly next week! .20 easy
Did you call? What did you find out?
Investor-Talk's (Enzyme's) DD
Lets start from the top, CETH is now Indemia Gold. Indemia has a claim for 200 hectares with an option to get another 800!
Indemia mines on average 21.8 troy oz of gold a week, and 7.3 troy oz of platinum a week. This equals 1,133.6 oz a year in gold, and 379.6 oz of platinum a year.
Current gold price per oz is $1,699
Current platinum price per oz is $1,665
so
$1,699 per oz x 1,133.6 oz of gold = $1,925,986 per year for gold
$1,665 per oz x 379.6 oz of platinum = $632,032 per year for platinum
Total = $2,558,020 per year
NOW they are only mining on their 200 hectares of land not the full 1000 hectares that they have available, now the kicker, on their 200 hectares they are only mining on 3% of the land!!! HUGE POTENTIAL HERE!!!
Lets punch some numbers.
If they mine on a total of 30% of their 200 hectares and keep the same daily average they will get $25,580,200 worth of gold and platinum!!
If 60% of the land, $51,160,400!!!
Keep in mind that this is ONLY on their initial 200 hectares!
Now what if they decide to lease the additional 800 hectares? THIS is where the money gets HUGE!
Say they mine the additional 800 hectares and mine 60% of that land and keep the same daily average of gold and platinum the result will be $255,802,000 PER YEAR!!!
WOW!
Currently the A/S is at 690,000,000 shares
O/S is at 174,782,642
Float is at 11,851,778
Now lets estimate some share prices!
Mining 30% of the 200 hectares = $25,580,200 / 174,782,624 = $.14
Mining 60% of the 200 hectares = $51,160,400 / 174,782,624 = $.29
Mining 60% of the total 1000 hectares = $255,802,000 / 174,782,624 = $1.46
As you can see the potential here is HUGE and this is just the ground floor. Im glad i have my tickets to the show! Do you?
Wow thank u very much! In going to write this up but from what I have gathered so far we are sitting on a gold mine! No pun intended
On the annual report they posted today it says 490,000,000 authorized and 24,782,624 outstanding
So whats the current a/s I am doing a big write up on my site tonight about CETH and would like everything to be as accurate as possible.
Very true! Way to keep it in perspective! We should be getting a flurry of PR's in the coming days
Alright we just had a buy!!!
CETH Merger news out!! This is going to be HUGE!
CETH MERGER NEWS OUT!!!!
I just expected hit to explode when this news hit
CETH merger news out!!!
Why are we getting no volume still?
thats per week not per day
CETH MERGER NEWS OUT!!!!!
My stock call recap for 3/7/12
BFLX called at .38 / closed at .48 had a huge selloff at close, was at .59 10 mins before close!
SUNB called at .18 / closed at .15 HOD @ .23
HRID called at .0585 / closed at .055 HOD @ .062
MDRM called at .0611 / closed at .042 HOD @ .082
HNSS called at .0017 and then at .0015 / closed at .0015 HOD @ .0019
ATRN closed at .192
AAPT called at .005 / closed at .0055 HOD @ .006
BLKL called at .003 / closed at .004 HOD @ .004
All in all could have been a HUGE day to sell at the highs of the day, each call was profitable!!
My stock call recap for 3/7/12
BFLX called at .38 / closed at .48 had a huge selloff at close, was at .59 10 mins before close!
SUNB called at .18 / closed at .15 HOD @ .23
HRID called at .0585 / closed at .055 HOD @ .062
MDRM called at .0611 / closed at .042 HOD @ .082
HNSS called at .0017 and then at .0015 / closed at .0015 HOD @ .0019
ATRN closed at .192
AAPT called at .005 / closed at .0055 HOD @ .006
BLKL called at .003 / closed at .004 HOD @ .004
All in all could have been a HUGE day to sell at the highs of the day, each call was profitable!!