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What IF it isn't diamonds in the core?>>>>>
In December 2005, the Operator, without prior consent of the Company, commenced drilling on a priority target on the property. This drilling encountered kimberlitic rock at approximately 530 feet and continued in kimberlite for over 300 feet eventually ending in dolomites at about 900 feet. An independent kimberlite expert, Harrison Cookenboo, (PhD, P. Geo.), a qualified person, reviewed initial samples and concluded:
“both pieces of core are in most respects closely similar to macro-crystic serpentine calcite kimberlite, but with some atypical features for kimberlite “sensu-stricto”, and suggests that the examined samples are best referred to as kimberlite or a closely related “kimberlitic” rock type with the potential for carrying diamonds”.
On January 10, 2006, the Operator informed the Company that the first drill target (Target: C-Gpp) on the Smeaton Property had been completed after encountering difficult drilling 1000 feet into the target. The hole finished in dolomites and the Operator decided to drill the second hole 30 meters to the northwest where geo-physical data implied that the center of the kimberlite may be situated.
The kimberlitic rock from the first drill hole was sent to Saskatchewan Research Council for caustic fusion and micro-diamond analysis. The kimberltic rock did not yield any micro-diamonds however chromites were found in the drill core. In 2005, the Company expended $200,630.00 on the Smeaton prospect; the Smeaton project has 20 priority targets to be investigated and as of the date of this report has examined four of these targets.
Recently, the biggest user of chromite ore has been China, importing large quantities from South Africa, Pakistan and other countries.
he is just fed up with the crooks is all
and then some
negitive norton says no no no
Tis a thing of Beauty!
You better be nice to SK. He is your only hope of getting some of your investment back
No worries here needs..Al will bring the bacon home
Be nice now lets not live in the past
lol ponokee always stirring the pot..those are just the numbers relayed to me
no it kept going off line on me
lol released
I would take a wild guess that deli could care less
ya I forgot about that
She must of got caught playing with deli's thingamajig one to many times and is in the houscow
and you can thank CMKX for that
lol yep you or I will never live long enough to see the judgement collected..My guess is he has already filed bankruptsy
LOL Deli got the ole Goldman Sachs Pass!>>? Without admitting or denying the allegations in the complaint, Glisson consented to entry of a permanent injunction against violations of the registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933, and the broker dealer registration provisions of Section 15(a) of the Securities Exchange Act of 1934
nope gonna b all rain here..go figure
looks bad for NY
Yes and this is what is happening in our area less than 100 miles as the crow flies from Quebec>>>>>>>>>We are very excited about this and Irving being from Canada hmmmmmm>>>>>>>>>>>
Mining bill passes Legislature, awaits governor’s signature
By Jen Lynds, BDN Staff
Posted April 18, 2012, at 11:01 a.m.8
AUGUSTA, Maine — A bill to change the state’s mining laws has been passed by lawmakers and has been sent to Gov. Paul LePage for his consideration.
Rep. John Martin, D-Eagle Lake, said Monday evening that LD 1853, An Act To Improve Environmental Oversight and Streamline Permitting for Mining in Maine, passed both chambers of the Legislature twice late last week.
Martin submitted the bill in early March, saying he was prompted to introduce it because of the increasing price of minerals and the potential for mining gold, silver, copper and zinc on Bald Mountain in Aroostook County.
Bald Mountain is northwest of Ashland and Portage in Martin’s House district. J.D. Irving owns the land with Prentiss & Carlisle.
Under the bill, the state Department of Environmental Protection would be in charge of permitting and regulating such operations. The required rulemaking by the DEP likely would not begin until at least January 2014.
Martin said reports indicate that mining development at Bald Mountain could directly create up to 300 jobs and could indirectly lead to hundreds more. There also would be an excise tax on the minerals there, so the result would be more than $600 million in employment income and more than $120 million in state and local taxes, he said.
Only need to remember one thing>>>>>>>>>
It don't take much volume to move this 10-20 %!
2012/04/05 0.094 0.11 0.094 0.10 56,866 0.10
Janice does get a bit animated at times with her cooking talk..all it does for me is get my mouth watering
diversification is what is going to get us through the difficult times ahead of us in this country JB..If CMKX morphs into a Martha Stewart type company with Janice as host so be it!
Re: CMKM Update...Company Meeting/Webinars
« Reply #78 Yesterday at 11:26pm »
NOTE A CHANGE:
Steve called me to explain the cash on hand was actually depleted after paying the taxes, mortgage, real estate commission and other associated expenses on the GA sale, so the company has less cash in the bank than I originally reported.
From my notes...
Some highlights:
The Wells Fargo suit was delayed a year.
We have $15K in the bank.
TA has 8K shareholders registered out of the 50K
We owe the TA $28K, will likely send a partial payment of $5K. They are supportive.
There are 703B authorized shares, 686B issued, all class C shares.
VA land sold to Frizz for $312K
FL land sold for cash, $350K
GA land sold for $362K but had a $250K mortgage.
Cash used to pay expenses along the way...lots of legal.
The 1010 Agreement is in major default. According to the agreement we need to put up $3.2 Million by end of 2012. Koch remains supportive.
Developing a budget to test the core samples—thinks it will cost about $100K
Can-Cal was loaned $300K @16% interest from Edwards. Accrued interest today is $900K
Can-Cal pledged 120-acre tract Pisgah Property against this loan—so he’s trying to get the land back. www.can-cal.com
Company has land to clawback in Vegas (an office building), NC and SoCal.
703B shares x .0003 = $210,900,000. It takes about $400million in clawbacks, minus attorney fees to get to $210,900,000 and that amount would pay back shareholders only their original investment.
He met Al, likes Al, but has no clue if Al has something for us but hopes and prays he does.
Does not expect to be ready to trade again for at least one year.
Personally believes any Deli shares will prove to be legit
Did not sell claims to Shore Gold
Knows of no claims sold to China
Plans to seat a Board at the end of September. Three seats appointed (non-shareholders) and two elected from shareholder base. More info to follow, but will accept nominees during July-August, election in September. These are full fledged voting members, not advisory.
Next Webinar is next Thursday at 8pm CST. Details to be posted to CMKM website.
His business plan:
Keep overhead low
Raise cash through litigation
Sell the reclaimed land
Pursue debt collection
Attempt fundraising
Pay off all debt
Test core samples
Build stability and a strong balance sheet
Return to trading
Build a valuable company using seed money to invest towards creating a profitable venture.
if you need any help mining it I just bought a new pick axe
lolol he's hopeless
not funny
Well at least if we get them tested it will shut up tramp
Because he said if they hold value they could be sold..And did mention other minerals in the core samples were possible!>? Maybe diamonds were never the what we had??? interesting
going to have 2shareholders voted to the BOD with full voting rights
we are in q and a now...he really is a sharpy
He has a brand new drill ready to go up there!
He is in the process of rebuilding it...Just talked to Emerson today and we need 100K to test the claims...Emerson is willing to hold until we test them ..so much more to report later
very sharp business man! not kidding either...
I Like Steve!
Don't feel bad JB I won't hold it against you