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I bet you own a ton of shares and want more at a low price
That shows how hard it is to reach and how little is has been mined. It's worth it to give them a couple of weeks more. At these prices we are not killed if it fails and if it hits , then the time we give them will be worth it.
I did read your post and I will say what I say to all those who have neither the patience, or the trust in their own money decisions to sell their shares and move on if that is how they feel. Have you never been involved in a large project that you took from start to finish? I would bet you have not.They take time and the owners must deal with many obstacles daily.
Dump your shares then.
video on site
That's it??
I hope this reprint is not the news we have been waiting for
On Nov 19th the same PR went out. More people get to read it but it is almost the exact same info
Reprint of last weeks news
I like that we get news even if it is in small steps. We will get there. I am happy that they are digging. The results are anticipated. I can wait until next week.
This is such a great find. A combo of future American funding and a European lab that has not had the restrictions of a stone age administration for the last, lost 8 years.
Of course we can never be assured of anything just as those in past gold rushes were never guaranteed of their gamble but it sure is worth a try. As long as there is progress they may actually hit gold.
Patience is the hardest thing when everyone wants action now. This is a good shot at some real money and will not be easy. Those who can wait will be rewarded but it is easy to feel frustrated.
If any of you had spoken to anyone who really knew you would have known that this purchase was started a while back. His plan was to work this mine as well as COS 1 and 2. The lost vulture mine of old was in this area and the area does have a great amount of gold still in the ground. I wish all those who cannot wait for mining, which is a slow process to play out, would sell and simply go away. It is not a great price to pay to wait for a stock that does not cost a huge amount. I have no iluusions but if the gold is there and they can nail it down this will be a great play. If not, you can invest in real estate or a Fortune 500 stock.
The COMEX gold & silver markets are each hurtling down a dangerous path toward default. The artificial paper price has created enormous physical demand, and hampered supply production, if not delivery. The gap between the JPMorgan-led corrupted phony paper price and the legitimate physical price in actual trading markets has grown sharply, enough to force a breakdown like in any distorted market. When December contracts in gold & silver are demanded to be satisfied via delivery of the metal, it will be clear that the COMEX is running a scam. A default is highly likely. Of course, they can continue to deny contract holders the right to benefit from delivery, as they have been doing for months to 'Non-Economic Customers' but soon the 'Commercial Customers' will be defrauded. Arrests are warranted. We will see how this corruption unfolds.
The USFed cut the official interest rate again by 50 basis points, now to 1.0% on the Fed Funds target, in utter desperation. Other central banks did not join in rate cut exercises. The Euro Central Bank is expected to cut next week, reluctantly. So is the beleaguered Bank of England. The pressure is building on gold demand. Now with the official US price inflation at CPI = 5% or so, the real rate of money cost is minus 4%. The actual price inflation runs more like 10% to 12%, making the real cost of money more like minus 9% to minus 11%. GOLD RESPONDS TO NEGATIVE REAL RATES VERY FAVORABLY.
GALLOPING RECESSION TO FORCE MORE INFLATION
With what is about to happen it is imperative that any gold mine get to producing. The dollar has a little time left and the world will need to base their currencies on gold and silver again. Hang on to any physical gold and silver you may have. We will need it. IMO
This is not a response to this post but word is it that the Comex paper gold market may default in December. They have 10% of the physical gold they have contracted for. Gold would skyrocket. We have only seen the beginning.
Wickenburg is a town East of COS1 and 2. Near there is the Lost Vulture Mine of 1880 days. A great producer of gold that collapsed and abandoned. Gold is in that area. I do not know what mine they are talking about but the town is a ghost town now
I talked to him and he mentioned going there today
Youse is righter than youse know!
You know what. If you are not happy with the investment you have made, push the sell button and make room for those who want in.
Mr Mellone is heading out West to visit the mines in Arizona. If no news today, that is why. Must be going there for a reason.
I feel lucky to buy on the dips and I did it today. Someday the price for so many shares will be out of reach and then we will sit back and smile.
After they open COS #2
We have too many people with no patience at all for something that takes time. I don't know about most people but my work takes time to do and to receive benefits from it. Waiting for someone else to do the physical work takes a special kind of investor. If you do not have the stomach for the gamble and want quick results then please sell and go away.
Mr Mellone wrote to me that it will be COS #1 then COS #2 and onto Lucky Linda. A progressive move up as they drill the Arizona mines and finish all the BLM paperwork.
Sometimes one has to learn what you can and be brave. From what I have seen and the conversation I had with Mr Mellone I feel that this is one to take a chance on. Always a down risk but the upside reward can be once in a lifetime. I needed to buy before it got out of reach which may happen soon.
No, from Georgia
I e-mailed Mr. Mellone to say good luck on the first day of the dig and he wrote back about news in an hour.
News release in one hour.