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Still here pleading the 5th. I will still be here next year and the year after that.............
DF
Do you guys think that they decided to use some the the $450k from the Black Fire deal to do this?
If the recovery rate is that good this is money not directly needed to cover production. Money in the bank to reinvest.
Did anyone else notice a new MM on the bid RMCI. They are playing the NOBL game with 5000. Anyone have any history on them?
DF
Sorry for getting everyone excited. This is what a pray for ever night before I go to bed. Just thought justice would shine once.
GLTU today. I need to get to work.
DF
That just put a smile on my face. ; )
Yep. Just think if productions number come out during. After would make the record books.
Could this have been halted for illegal manipulation?
Well nothing has changed in the last month on here. RB still proving wrong and NO and Troy still holding down the fort. See ya next month.
Ahhhhh Jake. 5mil bid support starting at .008 is not going to let it drop easily. Not many sales at the level.
Actually 5 mil support is the most I have seen in a while.
I follow but don't post much.
Funny happenings:
TrapperJim call inspector now not hear of again
Car sends driver to site not head of again
Master Bread states true potential gone
VLF takes stand on shorts, gone
Fox true supporter and factually representative gone.
Me, I have a 44 Mag Supper RedHawk on me at all times. Let someone try to take me out. This is a fight they don't want.
Gold is Golden in this day and age. Greed and conspiracy will follow.
DF
Guys I just wanted to share my thoughts on the current PPS movement. I honestly don't think the price will move up or down (Jake) until the question of a new entity is answered. Too many people have been involved in a share structure change where 1M shares turn into 1K (at the same investment price).
I personally am not putting any more investment money into this until I know 1M = 1M of a new company. Not bashing, so please do not take it than way. I have a base that I will not let go right now. To much potential. Just can't justify any more until this is answered.
DF
Seems the last 2 days the trading has been able to breath. I wonder what's up. I do like to pattern that is forming. If we consolidate around .05 and .052 and doesn't drop below the 50 SMA we will have a very strong base to move up. Slow is the way to go.
DF
Thanks for the PM.
I looked back through the posts.
I feel there would to be an update to share holders in around the 2nd week of September on the plants progression.
Any thought on that?
Thank You
***SOME NUMBER TO CONSIDER HERE***
I reread the PR from the 15th. (Which is still not a sticky note). Here is something to consider.
Operating costs from the time of production and the month of August are covered by the owners interest free loan of $140,000 and $219,000 privet investment on 8/10/2011 . Totaling $359,000.
Financing - In August of 2011, PCFG's CEO loaned $140,000 to the Company in non-interest bearing short term loans. Additionally on August 10th, the Company issued a convertible promissory note to one investor for $219,000.
Now everyone have been bashing the 30 oz. “ONLY”
From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3. The grade of gold within the pay gravels of the stockpile were between 0.3 and 0.4 g/yd3.
Number to take from this are .3 and .4 grams per square yard (g/yd3) recovery of pay gravel.
In August there projected daily production was to ramp up to 750 yards from the 350 that the 30 oz were produced from and using mostly the mudflow.
averaged about 500 tons or 350 yards per day. The Company has limited the feed rate to the plant in order to make sure that the plant was operating properly during an extended period. In August and September the Company plans to increase the plant throughput gradually on a weekly basis with daily targets of 750 yards by the end of August
So far August there has been 19 week day that production could have taken place.
Now to be conservative let use a .3 g/yd3 at 550 yards a day (average between 350 and 750). This is only half of what the September projected day run.
.3 X 550 = 165 GRAMS OF GOLD
1 gram of gold = .0321492 Troy oz
165 X .0321492 = ~ 5.3 Troy oz
At the current price of gold $1732 - $200 smelters fees = $1532
5.3 oz X $1532 = $8120 a day. Take that X 19 days = $154,272 Profit operating expenses are covered already.
Let’s go to the upper end for August with .4 g/yd at 750 yards a day (which is only half of what the total plant run will be in full production.
.4 X 750 = 300g X .0321492 = 9.645 T oz X $1,532 = $14,776 Day X 19 = $280,746 which will cover Septembers operating cost.
Sept Projected 1000 yards a day. We can crunch those numbers.
This is a producing mine. The PPS should start reflecting this IMHO.
DF
You said it! Wives have no patience.
Could a mod please sticky the latest PR's.
Need new eyes to seen what is happening.
Thanks.
Also still long and strong. Just got a case of Tums because of the last 4 days. May want to invest in them right now.
DF
WTF happened here today! I have been tied up in meetings all day and just checked on my phone. I expected us pushing .10 not half of that.
Well I need to get an order in ASAP these are cheap!
HELL YES!!!
NOW THAT IS A PR!!!!!!!!!!!!!!!!!!!!
That was a good ask slap!!!!! Took a chunk out of that 700K
You're welcome.
9:30 get here already!!!!!
DF
My thoughs of production numbers will be based on what was currently taken from the mine in full production.
There were 4908 hours logged at MSHA for the first and second quarters.
www.msha.gov/drs/ASP/MineAction70002.asp
I think this logged time was used in setting up the equipment and running the gravel that was on site for testing and startup. I think the low grade gravel was exhausted during this startup process.
The number that are going to be posted are true production numbers with high grade gravel from the mine.
DF
RAFF’s 488900 was up on the ask Friday and NITE had an ask at .82 for about 300K EOD.
I just got done reading almost 2000 posts. Got up at 3AM EST to dive in today.
I hope we all are going to be very happy today.
GLTA!!!!!!!!
DF
I would like to ask you guys a question of a possibility.
Is it possible the another entity was hired to do the actual drilling and research for the geologist. If this other entity was a Canadian outfit would they be pulling the needed permits and filing the needed paperwork?
Or am I totally off on my possible thinking.
DF
CSTI NEEDS SHARES!!!!!!!!!
100 sign.
I hope they get run over once and for all and let this trade.
DD there is video of the production.
I just caught up on almost 2000 posts. Geez you guys are busy the last week.
The current pictures provided (thanks Car and Jonny) show security surveillance cameras around and processing building. I am in the electronic security field and know these are Pan Tilt Zoom (PTZ) speed dome cameras that can watch any part of the surrounding area. These would be used to record video for after hours surveillance in case of some type of vandalism or break in. They can also to used to watch processing production. Any activity in the cameras field of view would be recorded.
The cameras would be connected to some type of DVR (Digital Video Recorder) and video would be retained for anywhere from 15-40 days. VCR’s have not been used for the last 8 years in our industry.
The recorded video can be searched by time and day and the clip can be exported out easily as an AVI or MJEP file.
If anyone has a good communication channel with Rob or Mitch, maybe some of the recorded video could be sent out to one of us or posted on their web site.
Looking for someone to take it from here.
DF
Here is some more DD for the new investors on the board. Year to date the mine has logged almost 3500 hours in production time with the US Department of Labor. This is truly a producing mine with great potential.
http://www.msha.gov/drs/ASP/MineAction70002.asp
GLTA Long and Strong
DF
Just picked up 20K @ .067 and ASCM is still on the bid with 10K.
Total blatant manipulation today. WOW!
Got some more that will be tucked away;)
I apologize for posting proof other than the company's or Ihub poster's word that this is truly a different company not TWDL.
With all the back and forth as of late. I felt strong evidence was needed. No offense and none taken.
Here is the address of the one in question:
PO Box 820009 North Richland Hills, TX 76182
http://www.corporationwiki.com/Texas/North-Richland-Hills/PO-Box-820009-North-Richland-Hills-TX-76182-a17483584.aspx
Thanks I read that after I posted.
Here is the court order:
http://www.txnb.uscourts.gov/opinions/pdf/2009-4015-39.pdf
Filed in Texas. Could be a different company.
That is very interesting! Thank you for the DD. Where did you come across this document?
I have been looking for something like this for the last 3 days. I need to sharpen my skills:)
Does anyone else think we will be getting a 1AM PR? The way the last 2 months have gone we are about due for something.
Yes!!!!!!! I have a call into Tech support right now.
Is anyone else experiencing TD bid and ask not being displayed this morning.
I have restarted twice and my phone is showing the same thing.
Just looked my order for 50K @ .052 from yesterday got a 20K fill in the last 10 minutes today then up to .055. Instant profit!
Still long and holding. I am waiting for a year to be up before I sell. Sick of higher taxes. Nov. starts the first block of profit. I think my wait will be worth it.
Thank you very much.
DF
Dunphy777
How do you find the information for hours worked? I went to the web site and search around, but could not find a link for the hour data detail. Not questioning you at all, just have never looked this information up before. I would also like to check a few other mines out in the area.
DF