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...doesn't look like ABX has given up!
http://www.stockhouse.com/news/newswire/2014/11/12/barrick-gold-t-abx-executive-sees-no-margin-for-error-pascua-lama-site
I don't believe it's a cut and dried issue!
Far too many unanswered/unproven evidenced, requests of all types,
about titles and grid locations etc. ! (and that responsibility falls squarely with the CEO)
But,I do believe Barrick DOES NOT OWN all titles, to cover the area known as Pascua Lama/Mina PL.
YKR
It indeed seems extremely doubtful, when a person claims to own something legally, and all this time not post revelent proof.
what's up with that, Jorge??
If the case is for legal purpose, just say so....
(if so, you could say....all maters are under legal advice)
.....that would stop the , pestering, no??
TG
am I to understand there is "Woodwork" (you know the expression)
system behind or in the background of the MSX saga, that has been
hidden to date or unspoken about ??
(let it be known, I do not imply your actions to the expression, just simple facts that our BOD should have addressed, to it's shareholders)
With:
PROVEN for public, EVIDENCE OF:
OWNERSHIP MINING TITLES
MINERAL DRILL RESULTS (43-101 or equal)
LOCATION WITH CO-ORDINATES
???????????????
RSS, just why are you so sure ???
-the above 3 is not much to ask, is it now ??
(he said-she said......just dosen't cut the grade, for investment worlds)
This is what I believe matters:
BJ/JL, need to show/prove "publicly"
-proof of mining title claims/location
-Mineral assay results from drilling samples
......without these minimums, MSX et al, "remains one big joke" at best, par with loto rackets
IMO
( I believe Juneau, is junk )
.......It sure seems,
something is drastically wrong....
with the complete MSX, saga !
Tibby
is another investor coming on the scene, with MSX ?
YKR
your absolutely right, you are the only one todate that has
picked up on what I was trying to point out,
(the effect of ARTICLE 8) and I did make a post pointing out this possibility way back when, first time, JL offered another Mine(property) for free to MSX, but all fell on deaf ears.
I will at a later time see if I can find that post!
I believe I get your underlined message for JL and BJ,
and continue to believe firstly in believing in JL's moral integrity, which would have to include BJ.
However YKR let's give credit where due:
JL and BJ are only the two persons on the planet to attempt to seek justice and correct all wrongs, of a truly world Giant, Barrick Gold, that effect Pascua Lama, re: MSX
now, may I ask you:
Would "You" have the foritude to take either's place??
bj
Check this out!
http://www.stockhouse.com/companies/bullboard/v.msx/mountainstar-gold-inc?page=2&postid=21330242
Stockhouse Post Post# 21330242
and compare the language or intent, to:
http://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00009237&fileName=/csfsprod/data131/filings/01913645/00000001/p%3A%5CSEDAR%5CMWR%5COptionAgmt.pdf
In particular, Article 8.1 (b)
taken from sedar OPTION AGREEMENT, as filed
ARTICLE 8
EXPIRATION OR TERMINATION OF OPTION PURCHASE RIGHT OR THE
OPTION BY OPTIONEE
8.1 In the event that the Optionor is unable to perform any of its obligations under this
Agreement, then the Optionee may, at its sole election, elect:
(a) to have the Optionor return to the Optionee, all funds provided by the Optionee to
the Optionor; or
(b) to have the Optionor deliver clear title to another mining property to the Optionee,
such mining property of merit having a value of at least equal to the funds
advanced by the Optionee to the Optionor, including the Advances.ARTICLE 9
EXPIRATION OR TERMINATION OF OPTION PURCHASE RIGHT OR THE
OPTION BY OPTIONEE
9.1 In the event that the Optionee terminates the Option Purchase Right or does not exercise
the Option Purchase Right, then all amounts provided by the Optionee to the Optionor
will be non refundable.
Page 13 of 27
9.2 In the event that the Option Purchase Right is exercised and the Optionee terminates the
Option or does not exercise the Option and allows the Option to expire, then the Optionor
will not be required to repay to the Optionor any amounts provided by the Optionee to the
Optionor including those amounts provided to the Optionor in order to exercise the
Option Purchase Right.
What is BJ really up to or planned???
thank you MB for the correction
let it be known to all......
my reference to all genders should be interpreted, and referenced as I/IMO
....will be more careful in the future, about references
ps MB I just checked and english indicates that; using the reference of "we" directly pertains to MSX as a Co.
not worth a great debate, good luck.
peace brother!
I have wafelled back and forth (due to events)
however my opinion is that msx and JL's information released
and lack of outcome and BJ's continued silence......
renders down to that:
MSX is nothing more than
.....a "crap shoot"
I have never rolled dice, except here with MWR/MSX
I strongtly feel, shame Mr Johnson
rather fed up with all!, and we have NO INVESTOR CONFIDENCE, IN THIS COMPANY (a very sad senario)
It's amazing we continue to trade somewhat.
Have any other long term investors considering a New CEO
should be a forum topic IMO
This is not anything new!
Aug. 1, 2013
Barrick Loses Billion$
Double trouble in the Andes ...
Mining industry at break-even...
Bond prince sees Fed punting...
Will Boomers retire? Not this
UWD reader! ...
Dear investor
Gold mining companies took write-downs of at least $21 billion in the last two months, thanks to falling bullion prices. You probably noticed if you own any gold stocks.
Of that $21 billion in lost value, $5.1 billion came from one mine owned by one company: Barrick Gold (ABX)!
The company's second-quarter net loss totaled $8.6 billion. Adding insult to injury, they chopped the quarterly dividend from 20 cents per share to 5 cents per share.
Barrick is a big outfit, but these are still staggering numbers. Can mining companies survive another year of losses?
***
Most of the Barrick write-down came from its Pascua-Lama mine in the Andes Mountains. Construction in such places is never easy. This one has an additional complication.
Since the Pascua-Lama mine sits directly on the Chile-Argentina border, it has twice as many legal and regulatory challenges. A court order stopped construction on the Chilean side in April. The project's impact on water supplies is under dispute.
Cost estimates keep going up and completion dates pushed back. As of now, Barrick expects to spend $8.5 billion with gold production commencing in mid-2016.
***
Barrick may or may not own a good investment at Pascua-Lama. If gold prices jump, $8.5 billion may be a small price to pay. Company-wide, Barrick thinks it can produce gold for $900-$975 per ounce.
Mining costs vary for all kinds of factors. Some companies have higher costs than Barrick. Some are lower. None of them can make a profit unless they sell their gold for more than they spent mining it.
A Citigroup (C) analysis last month found the worldwide gold industry is getting squeezed hard. Rising costs and lower gold prices mean miners simply can't generate positive cash flow. Something has to give.
What will it be? With the easily accessible deposits mostly tapped out, production costs can't go much lower. $1,300 seems to be the zone at which miners can start turning a profit. This happens to be where the gold price is today, more or less.
In the long run, the problem may solve itself as mining companies reduce production. They are on the edge right now.
***
Exerpt from, Uncommon Wisdom
Keep the faith, brother
I have not seen a "Foreward Looking Statement" as of late.
Has anyone else.
Common Brent Johnson, if you can't release any PR's maybe the least you can do is diplomaticly release an update on FLS.
Q
just a wild guess.
-all legal activity needs to be completed first.
-the JV option agreement needs to be consumated.
-then joint funds for drill results etc. and joint capital needs to be raised.
Plans to mine is a 3-5 year, minimum timetable, with DR, and a lot of money in place.
I believe we are 5 - 10 years from metals, sales.
JMO
oogld
...fair enough, barrick has made a mess, and indegineous are priority.......please explain how you believe msx can suceed, given their financial strength....are you sugesting the locals will welcome msx, with hugs and open arms?
catch 22, no? Wouldn't it apear that msx would be commencing upon the biggest dream, in the history of the world.
Quote:
... we hope to continue doing so to achieve closure of this and other projects that threaten life Guasco Valley
p.s.........asleep at the wheel. (edit, timed out)
I know agreed, has been posted before, check out the photographs
one must admit, impressive.
http://www.barrick.com/operations/projects/pascua-lama/default.aspx
( what do you think, MSX? )
Hopeful
Good read, however we are not certain where or how the N Miner author, acheived his information or the validity, did u note, very little if any report on Mina Pascua area.
I find it hard to believe that Mina Pascua, the area of JRL Claims is the total corner stone for Barrick's Chilean/Argentinian Mine Plan, and would believe, ABX always knew the real story, and have always had a back up plan, think about the size of their legal team, and find it hard to believe P Munk, asleep at the wheel.
I recognise that it has been quoted in the past at court hearings that there are major minerals at Mina Pascua, however without drill results as proof, and a claim/map overlay; as it sits, ...is likely unbankable.
I do not believe financial institutes, speculate as a general rule, however they make mistakes, as history shows.
IMO
...keep hoping for the best outcome....
JRL
Jorge, thank you for a layman's outline of the circumstances at Mina Pascua.
Being aware of the treachery that exists in our society I guess your outline of events is highly probable, knowing background of your sucesses at law with various issues which is no need to repeat, as well as believing your moral integrity to make the truth be known and I know it must be very difficult to sit quiet
and listen to comments made against you and msx, by the same of 3 identies which are the same person, ( and there are many more included along with this person) and I notice another follower has asked politely directly of this man to answer how he would wish to be viewed, and thought of,.......but I hardly expect we shall ever get an honourable reply to that Stockhouse request by Kayline.
The bottom line here Jorge is: If you dealt with hounourable people continually that would be very simple for you to always extend your personal integrity and honour in return, and not mix words.
I continue to wish you all success, and good fortune for your life's fight, against corruption.....the truth should prevail.
I can only hope that other of the public; ..see throu it all, and consider this miner worth investing in, if that is their goal.
ps regards video:
What exactly is the red/brown mud seems flowing down the valley, comprised of, and where did it come from.
It sure dosen't apear to be a rainy season.
What, briefly are the Spanish Speaking workers and interviewer, sayng on that tape (paraphrase some quotes, if this is not much trouble for you.)
your friend, thank you
Wouldn't it be a devine day when Internet Liable,
did not exist! (everyone created, a "no need for it")
Ha, nuff said
CAT : your last 3 posts!
My God man you sure are unbelievable.
A wise man would wait out Courts and Law.
befor making statements which you believe is the circumstances, and accuse people of wrong doing.
Courts will deceide on the facts!
The parties involved will present their evidences.....
JRL
I find it hard to believe that Barrick would "scuttle their own ship."
and guessing highly Illegal as well.
Major investors would Sue ABX, to no end!
JMO
Just stop and think, do you really believe ABX comitted the cost to date, for the new Mine Processing Plant in Argentina, ......
just to "write off as a bad investment"
I really hope you have all your "I's dotted and your T's crossed."
Time will soon tell eh!
your friend
last post 4 today, supposed to be on time out.
....what's in a name?
I think the best position for now is a "time out"
meanwhile, the best to JL/MSX
Keep up the good work!
cat
.....posting dis-information and inuendo, creates the down share value, of any Public Trading Company.
As you state a shareholder of MSX, why? this aproach?
Funny, you know what I think by this statement....
THE TRUTH WILL PREVAIL and neither you,ABX or MSX are the owners of Mina Pascua..Just wait and see!!
and:
Then Jorge was in Europe meeting with Mormon leaders and Jorge has already confessed they tried to get him to sell the Mina Pascua to them, circumventing my signed contract, Jorge signed in 2003. Jorge turned down the "offer". This 'attempted circumvention' is why Jorge contacted me to assist Brent Johnson in the ABX corruption in Nevada (Bullfrog and Goldstrike mines)......etc.
apears to be comming from the same office.
Why do you express the failure for MSX/JRL?, in your posts?
Where it aplies,
CAT, why would u ignore this Statement?
country life Friday, July 05, 2013 11:46:18 PM
Re: yourkidinright post# 16660 Post # of 16745
YKR
It's truly amazing
What, money, power, influence, and favours
can acomplish in this corrupt society.
nuff said!
consequently I support JL/MSX in their endeavours...
nuff said!
Jorge
Great post and without any Victorian flavour.
Saying it how it is, IMO will give creditibility, guaranteed, to suceed in the end.
Everyone else, let's pause and take a look at the bottom line.
Forget the "he said-she said" blick black, for this moment.
What position would a wise invester like to be in?
It is very obvious that ABX, is up to their ears in serious problems in Chile, total picture. ABX investors/confidence, and share values is of record, LOWs, 10+ years back, whow knows, can anyone verify, and evidence, it can go much lower in the future.
This proves the lack of confidence in Barrick, by the public.
Now if one should invest in the Chilean area, of a gold miner, it is very obvious that the records are stacked in much favour, for the JRL/MSX team, regards ownership of Claims/Titles etc.
At this point it will never be a "roll of the dice" to jump on the side of MSX, whereas Barrick proves to be the gamble.
JRL/MSX have the goods, on Chile minerals, and ABX is not included.
Great work, JRL/BJ and soon the public will recognise it.
The continued bad press for ABX will ensure that MSX is the sucessor with Mina Pascua, Chile.
I hope the bashers of MSX, would stop and think, just whom is most likley to suceed.
I continue to invest in msx.
sorry if I miss led you.
My coments were directed towards JLR having POSSESION of sole Legal claims.
nothing is intended as outcome for Ms Emery and her current position.
(which? "this case " are "you"...refering to??)
......he all ready has.....
read post #16683
...and follow up some re-search, by yourself.
as a footnote:
BJ and BOD leaving Mr JRL, out in the forefront in order to maintain some sort of confidence, and respect in all endeavours, and in many cases to receive dissrespect and demeaning criticism
in return for his information.......
Shame on MSX et all.
fellow longs, guess said enuf eh!
.the link I posted for Yourkidinright, is a fairly big site with a lot of information which will give a good insight to understanding the Chilean Mining system.....
my opinion is that if one slowly browses throughout that site with the focus to understand ownership for mining/titles etc. one should deduce that JL does indeed hold the claims for mining/exploration etc, but one as well has to peruse the mining claim certificates themselves and there were various locations which showed JL on claim ownership.
I have said before the biggest hurtle for msx IMO is raising confidence and obtaining the 1.8 billion to consumate the option agreement and get on title ownership with JL, I have as well repetiately asked for corodinates to verify location in a form of map overlay, SHAME. (just make it simple)
Then make the announcement with suportive like 43-101 reports, and only then we would be away to the races, which should bring shares/prices of good value.
However with the continued BOD and CEO lack of "information direct", .....the final outcome is questionable.
BJ and BOD you all are a great dissapointment, to me as being a share holder.
YKR
http://books.google.ca/books?id=rglc6dRyspUC&pg=PA91&lpg=PA91&dq=chilean+mineral+claims+vs+titles&source=bl&ots=xKYa1sGtnK&sig=3jopu8HGwXkdC4FvlYrFWxTNurM&hl=en&sa=X&ei=NovYUfGZI8H-iwL67IHICg&ved=0CDUQ6AEwAjgK#v=onepage&q=chilean%20mineral%20claims%20vs%20titles&f=false
u may have to scroll up down to find index.
hope this info may set you to rest!
:) LC
ykr
country life Friday, July 05, 2013 11:39:32 PM
Re: None Post # of 16673
For a lack of better description:
are not, TITLES / MINING CLAIMS
not a bit of a conundrum or miss-nomer
which can create reference definition/confusion
Titles for mining
Claims for mining
which both give legal entitlement
yourkidinright
I believe you shall answer your own question about "titles" here:
http://books.google.ca/books?id=rglc6dRyspUC&pg=PA91&lpg=PA91&dq=chilean+mineral+claims+vs+titles&source=bl&ots=xKYa1sGtnK&sig=3jopu8HGwXkdC4FvlYrFWxTNurM&hl=en&sa=X&ei=NovYUfGZI8H-iwL67IHICg&ved=0CDUQ6AEwAjgK#v=onepage&q=chilean%20mineral%20claims%20vs%20titles&f=false
from weblink index scroll down, (page 4)
IMPORTANT LAWS AND REGULATIONA................................91
CHILE MINING LAW..............................................91
TITLE I STATE OWNERSHIP AND MINERAL RIGHTS..................91
TITLE II THE CAPACITY TO ACQUIRE MINING RIGHTS..............97
etc.etc.
READ CAREFULLY AND DIGEST MEANINGS ETC.
your welcome!
LC
YKR
It's truly amazing
What, money, power, influence, and favours
can acomplish in this corrupt society.
nuff said!
consequently I support JL/MSX in their endeavours...
nuff said!
For a lack of better description:
are not, TITLES / MINING CLAIMS
not a bit of a conundrum or miss-nomer
which can create reference definition/confusion
Titles for mining
Claims for mining
which both give legal entitlement
Q
...you must of gotten a glimpse of my post, that evaporated or you in your develiness are one of the moderators
ha ha funny just a guess
It is my understanding that:
IMO, the mining company
ATTEMPTED TO CLAIM JUMP, NOT "TITLE JUMP"
the holdings of JRL.
It seems my understanding is that TITLE to mining land is not directly given out by the Chilean system. (there are conditions)
A miner (prospector) gains exclusive rights to explor/prospect an area of land by registering a claim/claims then upon discoveries of minerals, he is given a certain amount of time by the Chilean system to prove a mining concern. obtain all necessary approvals/permits etc.
And upon commencement or near comencment of production.....(obviously proving/showing to all parties concerned and agreement with the Chilean Govt. a working mine is viable)
only then is the claims changed/recognised as titles to the land covered by the claims in place......
.....this is my understanding as to why NO TITLE DOCUMENTS exist to this date.
In short JRL is the only entity holding the Right to Continue the Process. resulting in Titles Granted that you keep requesting, YKR
JL/MSX interupted this process for ABX, proving that ABX did not have in their possession valid Mining Claims covering the Mina Pascua area (by definition)
and Barrick took the position to blick black everyone under the house shell called Pascua Lama, which there must be some minerals in the described Pascua Lama confine,...however the Mina Pascua area covered by legal Claims for mining in general, and titles (to follow) ....is the key, or one of the keys for this Chilean demographic are for gold and silver mining.
I repeat, JRL is the only entity legally to continue development for the MINA PASCUA AREA it self, proven by the Claims he owns covering MP
comments JRL, is this where we are ???