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Hey mate...I'm back...Great job with the site.. I'll call you..
I will concede that the second 504 may still be in play, but I bet when you add it all up it won't exceed 600k....
Just my opinion...
Hey mate, thanks for the heads up..Dang, I'm going to FL to see my dad over the holidays, be back Monday..Withdrawl is setting in...Keep it going...I'll be in touch once I get there. Righty has his hands full on another project right now. Poor fucker has been working his ass off and I have been playing...I feel the roles will reverse soon lol... Thanks for your support on the board and hope to see you next week...
BadBoyzz33
Someone answer me these few questions?
How much did it cost to stake the claims?
How much did it cost to file the claims?
How much did it cost to buy/lease the equipment?
How much did we spend on labor drilling the holes?
Add 50% for anything I missed...
We took in 2 million on the last two 504's..
What is the balance??
Hello Boyzz and Girlzz..Bad is back...and ready to invest.. Camp was good, but it is time to rock the market..who has a hot play???
Good move Fringe, Cargo will make a good Mod.. Welcome aboard mate. Good luck to ya..
Do you believe that we will get an NI 43 101 in the 4th quarter? If I'm not mistaken we were promised the above report in Q4 on all our mining claims. I understand that delays happen, but for him to meet the criteria below would probably require another 504. Also it would be a waste of time as the present results would not warrant a NI 43 101 on the holes we have drilled.
Lets not forget that the NI 43 101 is the holy grail as far as mining claims are concerned. You pass this test, you have hit the jackpot. Verified by a geologist.
He can harvest piles laying on the ground all day long. But until he produces a valid NI 43 101 on our claims, then he is not in the mining business. Plain and simple.
I posted the following on 9/9.
Just reading what all is involved in the ni 43 101
it would take him at least a year and a lot of money to complete.
http://www.cim.org/committees/CIMVal_Final_Standards.pdf
http://www.cim.org/definitions/explorationBESTPRACTICE.pdf
Exploration Best Practices Guidelines
Preamble: These guidelines have been prepared to assist the Qualified Person(s) in the planning and supervision of
exploration programs which will be reported under National Instrument 43-101. Such exploration programs must be
under the supervision of the Qualified Person who will be responsible and accountable for the planning, execution
and interpretation of all exploration activity as well as the implementation of quality assurance programs and
reporting. These guidelines are also recommended for use in the planning and execution of exploration programs
which will not be reported under NI 43-101. This set of broad guidelines or “best practices” has been drawn up to
ensure a consistently high quality of work that will maintain public confidence and assist securities regulators. The
guidelines are not intended to inhibit the original thinking or application of new approaches, that are fundamental to
successful mineral exploration.
Results should be summarized and reported in a Technical Report of good professional quality in accordance with
the National Instrument 43-101 and Form 1 contained in that instrument.
All exploration work from which public reporting will ensue must be designed and carried out under the supervision of
a Qualified Person (“QP”). A QP is defined in National Instrument 43-101 as an individual who is an engineer or
geoscientist with at least five (5) years’ experience in mineral exploration, mine development, mine operation or
project assessment, has experience relevant to the subject matter of the project or report and is a member in good
standing of a recognized professional association.
1. Qualified Person The Qualified Person may base the exploration program on such geological premises
and interpretation of existing information as the QP(s) may decide and select such
exploration methods and tools as the QP(s) may judge to be appropriate. In planning,
implementing and supervising any exploration work, the Qualified Person should
ensure that the practices followed are based on criteria that are generally accepted in
the industry or that can reasonably be justified on scientific or technical grounds.
2. Geological Concept The geological premise on which the exploration work is conducted including the
deposit type, geological setting and style of mineralization sought, should be supported
by relevant field data and a reasoned scientific approach.
3. Quality Assurance and
Control
Throughout the process of mineral exploration, the QP(s) should ensure that a quality
assurance program is in place and that any required quality control measures are
implemented. Quality assurance programs should be systematic and apply to all types
of data acquisition, across the full range of values measured and not only high or
unusual results.
4. Exploration Methods &
Data Collection
Field work is to be planned and implemented under the direct supervision of a QP(s).
Data should be properly recorded and documented at appropriate scales. All data
points should be accurately located with respect to known reference points. The QP(s)
supervising this work should ensure that any work by employees, contractors or
consultants is done by competent personnel and that appropriate quality assurance
programs and security procedures are practised. Whenever several persons carry out
similar duties or when the data has been collected over a period of time, care should be
taken to ensure the quality and consistency of the data being used.
5. Records and Data
Verification
The exploration process including planning, mapping, sampling, sample preparation,
sample security and analysis or testing should be accompanied by detailed record
keeping setting out the procedures followed, the results obtained and the abbreviations
used. In addition to paper records, digital storage is encouraged in a standard format
on a reliable medium. A program of data verification should be in place to confirm the
validity of exploration data that are entered into the database. A summary of records
should be included in a periodic technical report produced and signed by the QP(s).
Practices used should be well documented and justified.
6. Sampling The practices and procedures used in each sampling program should be appropriate
for the objectives of the program. All sampling programs should be carried out in a
careful and diligent manner using scientifically established sampling practices designed
and tested to ensure that the results are representative and reliable. Samples should
be collected under the supervision of a QP(s). Quality control programs appropriate to
the type of sample and the mineralization should be planned and implemented. These
programs should include such measures as external blanks, standards and duplicate
samples. Where the volume of individual samples is reduced prior to shipping to a
laboratory for analysis, appropriate reduction procedures to obtain representative
subsamples should be applied and verified.
c
7. Drilling The drilling method will be selected by a QP(s) and should be appropriate to the
material being investigated, the objective of the program and local drilling conditions.
The drill hole size selected should provide sufficient representative sample material for
analysis and reference. Surface and downhole locational surveys should be
undertaken using techniques appropriate for the hole size, angle and length of holes. A
representative fraction of the drill sample material should be retained, however if
material is not retained, the QP(s) should report and explain the reason for this
decision.
Drill logs, forms or software specifically suited to the type of drilling, the particular
geological situation, and the minerals being sought, should be used for detailed
geological logging of core or cuttings. Logs should be appropriately detailed for the
type of drilling being conducted, the geological setting, type of mineralization, and
geotechnical conditions. Core or sample recoveries should be noted on the logs.
Cross sections depicting basic geology and hole data, including correlation with surface
geology and any nearby holes should be developed and updated as drilling proceeds.
Any downhole geophysical information or other such surveys should also be kept with
the drill log. A photographic record of the core is recommended, where appropriate.
8. Sample Security The security of samples from sample acquisition to analysis is a vital component of the
sampling process. Procedures should include the use of secure core logging,
sampling, storage and preparation facilities, as appropriate, and the prompt, secure
and direct shipping of samples to the laboratories. The QP(s) should endeavour to put
in place the best security procedures practical, given the geographic and topographic
conditions and the logistics created by the site location.
9. Sample Preparation The selection of sample preparation procedures should be approved by the QP and
should be appropriate to the material being tested, the elements being analyzed and
should be subject to the security measures as stated above. All samples that are
reduced or split should be processed in a manner such that the fraction analyzed or
tested is as representative of the whole sample as possible. Representative fractions
of the material to be analyzed or tested should be retained for an appropriate period of
time, as decided by the QP. Quality control checks should be undertaken as
determined by the QP.
10. Analysis and Testing Analysis and testing of samples should be done by a reputable and preferably
accredited laboratory qualified for the particular material to be analyzed or tested. The
selection of a laboratory, testing or mineral processing facility and the analytical
methods used will be the responsibility of the QP. The analytical methods chosen must
be documented and justified. All analytical or test results should be supported by duly
signed certificates or technical reports issued by the laboratory or testing facility and
should be accompanied by a statement of the methods used. The reliability of the
analytical and testing results should be measured using the results of the quality control
samples inserted in the process by the QP. Duplicate analyses at other laboratories
should be undertaken.
11. Interpretation A comprehensive and ongoing interpretation of all the exploration data is an essential
activity at all stages of the project and should be undertaken to assess the results of
the work.
This interpretation should be based on all of the information collected to date, be
systematic and thorough, describe and document the interpretation and discuss any
information that appears at variance with the selected interpretation. The density of the
exploration data should be critically assessed as to its ability to support the qualitative
and quantitative conclusions.
12. Mineral Resource and
Reserve Estimation
Estimation of a mineral resource and a mineral reserve are both fundamental steps in
project development. The classification and categorization of these estimates must be
done in accordance with National Instrument 43-101 and be prepared by a QP(s). The
methods and parameters used in making these estimates should be in accordance with
the principles generally accepted in Canada and should be presented and justified with
the estimate.. A mineral resource can be estimated for material where the geological
characteristics and the continuity are known or reasonably assumed and where there is
the potential for production at a profit. Reserves can be estimated when a positive prefeasibility
or feasibility study as defined by NI 43-101 has established the technical,
economic and other relevant factors that indicate that these resources can be produced
at a profit. Reserve estimates should be based on input and information from a
multidisciplinary team under the direction of QP(s).
d
13. Environment, Safety
and Community Relations
All field work should be conducted in a safe, professional manner with due regard for
the environment, the concerns of local communities and with regulatory requirements.
An environmental program, including baseline studies, appropriate to the stage of the
project should be carried out.
14. Recommendations The interpretation and assessment of the program results at the end of each phase
should determine if the program objectives have been met and if further work is
justified. Any plan for further work should identify exploration targets, recommend an
exploration program and present a budget and schedule. Any changes in working
hypotheses and objectives should be recorded.
15. Technical Reporting A comprehensive technical report signed by the QP(s) should be prepared on
completion of a particular phase or stage of work following the format presented in
Form 1 of the National Instrument 43-101.
The Williams%R is about to cross the fifty..yahoooo
Hey mate, I read your banter with Righty and others after I signed off and believe we are basically on the same page. I have a real sore spot with these misleading PR's. If I came across as abrasive it was my intention to caution people to not fall for the latest PR. He has a pattern of PR and dump. Im my opinion this latest PR is no reason to run out and buy shares. I'm guilty of loading up when he said he purchased AUMN. I'm guilty of loading up when he said mining would start in May. I'm guilty of a lot of things and my hope is I can share my mistakes so that others won't make the same. To sum this up, the pattern with Berman has not changed. I still hold shares, down over 90%. If he changes his tune, so will I.
Cheers mate,
A ceo has a certain fiduciary resopnsibility to shareholders which means:
In the handling of money and when one acts as a corporate or individual trustee, there is a fiduciary responsibility owed to the principal party. It is defined as a relationship imposed by law where someone has voluntarily agreed to act in the capacity of a "caretaker" of another's rights, assets and/or well being. The fiduciary owes an obligation to carry out the responsibilities with the utmost degree of "good faith, honesty, integrity, loyalty and undivided service of the beneficiaries interest." The good faith has been interpreted to impose an obligation to act reasonably in order to avoid negligent handling of the beneficiary's interests as well the duty not to favor ANYONE ELSE'S INTEREST (INCLUDING THE TRUSTEES OWN INTEREST) over that of the beneficiary. Further, if the agent should find him/herself in a position of conflicting interests, the agent must disclose the dual agency (acting for two parties at the same time) or risk being accused of constructive fraud in regards to both or either principals.
Do you feel Berman has lived up to his fiduciary resopnsibilities? What do you think will happen if Berman is sued? You cannot seperate him from the company, he is the company. You act like this is IBM. He continues to release false PR'S and you continue to support him. I just don't get it. Righty posted his DD which stated;
Date: Thu, 01 Nov 2007 16:13:44 -0600
From: "Susan White" <susanwhite@utah.gov>
To: "xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx"
Subject: Re: russell industries
The Division has received a signed reclamation contract from Russell
Industries, but as of yet, we have not signed the contract.
Susan M. White
Mining Program Coordinator
Division of Oil, Gas and Mining
1594 West North Temple
Salt Lake City, UT 84114
(801)538-5258
(801)359-3940 fax
Where Berman released;
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RSDS - News), has entered into a Small Mine Reclamation Contract with the Utah State Division of Oil, Gas and Mining. The Contract will allow Russell Industries to remove approximately 560 tons of material containing Uranium from the Maynard Topaz Mine. A similar contract should be agreed with the National Forest Service within the next week.
Somebody is not telling the truth...
The pattern of false PR's continues..
I didn't notice any interstate highways between the two points in the DD Faz did. 280 miles of twisty highways plus the fact that they have to drive several miles off road to get to the pile. I think you are looking at an all day job for one load. Based on what Righty posted on .20 ore thats 80k. 560 ton/ 30 ton per load = 18 loads. So we are looking at 5k-10k transportation costs. To have a large front end loader delivered to a remote site for 1-2 weeks what 2-4 k? Plus an operator for said time..Then the interesting part.
"The Company will then be responsible for reclaiming the approximately one acre site as required by the Utah Mined Land Reclamation Act, Sections 40-8-1 et seq"
What is involved in reclaiming the site? Planting trees? Hauling in fresh dirt? Obviously more costs.
If we are lucky we end up with 50-60k. Enough to pay Rick for another two months.
Not bad for a pile laying on the ground. Will we see any of it. Time will tell. Maybe he has found his niche market. There may be many more piles like this laying around.
This could be a money making market reclaiming old sites, but he would need to increase this by ten fold to cover his salary and return shareholder value.
BB
This is what I have been saying all along. He released false information for the benefit of PPS. I know I loaded up when this was released. Was I mislead? Sure I was. Did he break federal and state laws by doing this? Probably. Only a judge can rule on this. I know some people on this board like to take the moral high ground. I am fine with that. But do we excuse potential illegal behavior in favor of profit? Are you willing to allow him to continue hurting others, to protect your investment? If you answer yes, you need to take a long look inside yourself. The false PR's are enough to initiate some form of litigation. I know it will not return your investment, but it will allow the judicial system to do what it was intended to do.
I agree, he should let us know if the 504 is done and who, if any he gave shares to for compensation. If he traded shares for the companies he bought, I would like to know the structure of those agreements..
It would be nice to know if the share structure stayed in place....
Does anyone have a copy of L2 today..Do we know for sure that it was Loud or his associates unloading shares? I know it was one hell of a chunk. I looked in around noon and the volume was like 380mm..Crazy day...
Thank Righty for that one..Stay tuned for more updates, he is in the middle of a DD frenzy right now.
I almost forgot man rule #1 "He who dies with the most toys, wins."
I have done a lot of adrenaline pumping things in my life, but I think having that shark after my ass would have pegged the meter...Holy crap..
Stocks, bikes, babes, boats damn I'm a junkie..Got a 12 step program for that...
Can we talk about addictions here?..lol
Man I just hate being away from the market like I have been the past week. I'm going through withdrawl...
Yea it has helped me.
If your new to stock charts check out
<a href=http://investorshub.advfn.com/boards/satutorials.asp?video=R
Stock Analyzer put these together and it's worth a look.
Hey mate, hope you enjoy the board stop by anytime..
Tell him ty..Thats a great job. God I love that bike...
I contacted Mr. Loud and he stated " The purchase of Noh Limits has indeed been consummated".
Tell her to go iron my shirts...
It's funny you say that. I was dating this spanish-italian girl and she used to throw everything at me, lamps, plates anything she could get her hands on...maybe her cousin.
At least you are willing to admit your mistakes...???
Dak, I didn't want to get in the middle of your banter with righty, but when you said he was a KING KONG BS'er, I have to differ. I know he is capable of defending himself as he is doing quite well in my opinion, in fact he will probably chastise me for writing this. I have been involved with righty on many projects, most of which takes place by personal e-mail or phone calls. He has delivered on every promise he has made. His DD is off the chart. The man is amazing at his ability to uncover the facts. He is a stand up guy and a friend.. Also let me point out that our projects have resulted in a 50k increase in my portfolio this year..Not bad for a BS'er...........
DDdollars, I hope you read this, welcome mate...
Technicals are right most of the time...Like I said "Most"..
John, thanks for sharing your e-mail with Berman. It really sheds some light on current events.
John, Righty or anyone,
Considering that suspension of exploration is October 30th, (unless a special permit is granted) am I to assume that the NI-43101 will not take place in Q4? I see no reason to do it with the the existing test holes, as results have not been what we expected.
I'm as you would say slobbering over some pretty hot flesh right now. In fact we are going to bed..In the future Dak, if you want to post here, bring something to look at. Evan if she is ugly..
BB out
What do you got a Geo Metro...lol
Try me........
This is the trade rewards board...show us what you got..
Dak i have lots of money moolah and green backs..we want to see the spoils of that...what do you have to show...
My old world grandpa said that..God bless him because my grandma hated him..lol