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I hope the company does not clear up this debate. Its dumb. If shown twice cool. If not. Who cares. The company is just showing a very rare specimen of gold indicating potential of the mine. Insignificant in my opinion but ok never less as we wait for production in good pay. Attempting to quench investors thirst for information my guess. You all are hungry for something as should expected. News news news or complain when you don't hear something weekly. What you are really waiting for is quantity more so than quality. Quality comes in part with quantity in these hills. We need to see ounces and pounds of gold. I don't care how rare or what x-spot the gold brings. In these small quantities its insignificant. Its there. Near term.. Patiently waiting to daylight into the new terrace and hear about those results. I expect something by EOM. That means gold in the pan. Next .. Curious to see what Gary comes up with them drilled targets beyond the pillars up China Chute towards Sally's Alley. But thats a ways off with some gold shown from those pillars first of course. To quench that thirst. One step at a time folks.
Yea. But my opinion is you were spot on. Nothing but excuses and and bread crumbs thrown our way to maintain the PPS. All info released to maximize share price to benefit dumping more and more shares at max PPS. Could we reap off this game plan? Possibly if they are strategically paying off debt reducing OS in the long rub. F'ckd otherwise fo shore. Stuck here back at square one.
So true. Only unless you are trading volume and are able to sell said volume based on how its trading I put my profit a lil higher at 15-20% to make it worth it. In dollar terms I gotta make a few hundred on the flip to make it worth it. Sometimes happy to break even tho ;)
LoL. I concur. Just glad I flipped my higher bought shares at a profit as recommended. But down some on my base holdings. Wing prayer here. Who knows... stuck long now.
The BMAK Blue Light special is over eh? ;)
Means he is holding the bottom now. Normally a buy signal for me. But not here. Lol
All BS?
And on to bigger and better things 8)
See if he will do another interview w ya. Lol
Don't mix apples and oranges. The PR claims are in reference to the new workings up the Black Channel via China Chute. I took it upon myself to guess the next material to be washed would be white channel pay since it is already staged. Read back the PR says we are working four headings.. Remember? I did that for this exact reason that peeps are thinking based on the PR that the next wash will be Black Channel pay. Maybe but my logic tells me otherwise. It will all come in time...ummm...dare I say Soon??!!
Gary is a wealth of knowledge and I can and did listen to him for hours. Trust that we didn't just listen. We spent a couple hours in the office and mine just pouring over the maps and discussing old workings, current targets, the drillings and asking a lot of questions. Thus confirming for me Gary is really onto something with the discovery of the South Terrace and I understand better why he is doing this or that. Same stuff that available online or PR's but much better when those maps are laid out and you can put your finger on em and enable spatial reference. This is a big mine. Some maps were easily 8' long.
I assume the results will be shown soon if i am right about the timing. Maybe next week? My expectations are the results of this run will be consistent with the previous bulk samples in the White Channel. In other words don't beef up expectations for this next run to set us up for a fail. As said before... It is a target and therefore was smart to do our own exploration and sampling up there.
I have much higher short term expectations $$ for the work beginning up China Chute and even more for the new South Terrace. The so called 'pillar robbing' is concurrently opening up accessibly in those old workings as Gary has been drilling up there and I do believe a recent PR indicated he found some gravel/targets there. In my mind why not rob Peter to pay Paul if we are going that direction anyway ;) The miners are smart like that.
No doubt they are processing this week based on my observations. On Friday they had white channel pay stockpiled in the washplant landing and also at the top of the chute. They had two headings in the White blasted and ready to slush out. My guess is they began washing that material by midweek and concurrently was blasting top of china chute as the PR indicated. Friday they were about half done with replacing the belt on the primary waste conveyor so Monday/Tues of this week would have been enough time to finish that job and clear out avail pay from the White. I bet by next week they are hauling material from Chine Chute They had two slusher winches in the adit as they were getting ready to move the bigger one only they didn't say where. Now we know where.
Funny old ways never die and still work. They have gold pans hanging at various locations for sampling material. Just like TV eh? They have a portable highbanker sluice up in the Black Channel for larger sampling. They have a smaller washplant on a trailer outside should the sample be larger.
Damn. Glad i sold at 19. Good luck ya'll
I keep hearing here we go but all I see is here we go down. Even when milestones are met. Ho Le Fuk. Sum Ting Wong. We Tu Lo. Crash Boom Bang.
"I do think they need to really think about upgrading their wash plant, that trommel is ancient and their sluice could be a LOT wider with several horizontal banks of riffles. There is most likely a lot of fine gold in that ore. I would hate to think they are missing any "
Howdy Foxwoods. While I may agree the trommel could use a coat of paint if appearance improved gold recovery, but that is not the case. This plant, obtained 25 years ago, utilizes a specialized sluice system to avoid the large, space hungry, parallel and or series sluices folks see on TV. Remember the Ruby millsite is on the side of a mountain and working space is at a premium. Brush Creek trucked this specialized wash plant from Canada (and got it stuck under a bridge during that trip ;) and was infamous for going all out (much to the dismay of their investors) when it came to their facilities. My guess is primary sluice is nearly 4 feet wide and about 20 feet long. Thats not small. But thats not big like some large trommel operations. What is unique is this primary sluice has a walking bottom.. the riffles slowly counter rotate to the flow and dumps the concentrates down to a much smaller, final recovery sluice. The large sluice is continuously cleaning itself taking the heavy flow and load from the trommel meaning the riffles are not silting up from fines or loading up from heavies, which is the primary reason you need long multiple sluice systems. Once a sluice loads up its cleanout time and that means downtime for production, a lot of downtime if we are talking 4 boxes @ 40 foot long. The small sluice at about 20" x 10' long wide is a low flow designed to catch the fines with unique riffles and modern miners moss to retain them once caught. Its easy and quick to cleanout and is very accessible alongside the catwalk. It produces much less concentrates to cleanup. From the runs made so far, gold has only been found in the upper few riffles.
The wash plant also utilizes a sand screw and conveyor system to manage the tailings. Our site is small and settling ponds are limited in size so we cant just dump all the tailings into the pond. They would backfill too fast. The larger rock is classified off and stock piled. The sand screw dewaters the smaller material from the sluice outfall and is also stockpiled by conveyor. The loader off-hauls the waste to a near by disposal site. Only dirty water and silt is dumped into the settling ponds and that reduces downtime required for pond maintenance.
This is a highly thought out wash plant $$$ and what worked 25 years still works today. Can we make it better? Sure. You can classified out the fines and run that through multiple jigs and onto tables or a whole myriad of other expensive recovery systems. However this area is well known for course gold not fine gold. Why spend a dollar to save a nickel? From my observations the company is running a tight ship and running this operation smart. I like that.
PM me if you need some advice. From the sound of it you are still down down down here and can use some help. Glad to help my fellow shareholders. Money to be made and thats what everyone is here for.
Why would you want to belittle the company accepting our request to visit the mine?? They didn't ask us. We asked them. Of all the Pinks I dabble in NBRI hands down is the most transparent of them all. Thats special and you know it A couple of us have minIng experience and own mines, the remainder are excited and interested in learning learning more as they have no experience. Our interests are far beyond making money on the shares we own. We will share and report back as we want as promoting the company is not our main motivation for the visit. This should be very obvious as aside from me, no others have spoke of going from what I have seen but since I have a life outside of IHUB I mite have missed it.
We are meeting with Gary and Watters first thing in the morning for breakfast then on to the mine. I have a busy schedule all weekend but someone may report back earlier. A couple of the investors/participants do not post on this Board much if at all. Ya'll will hear from me on Sunday eve in detail w pics and some vid as I have time maybe a quick note beforehand. We will run by Golden Bear as possible or ask but they may be commuting. Its not very far to Nevada City. I know I would rather be in bed w the wife than hang w a buncha dirty miners and bears every night. well maybe not every nite. Bears can be entertaining sometimes.
Stick with what your good at and don't get snared in this Boards hype. We successfully drilled and discovered a new channel. It is a sizable deposit based on patterned holes and drill depth. A small sample was taken. A small amount of gold was found. Thats it. Based on the above is it a smart move to invest in a raise the short distance up to take bulk samples? Answer this question based on the values area channels have yielded.
In this companies opinion the answer is yes. I fully expect an update on the progress of this raise and status of the Black soon or I will provide one this weekend after seeing the operation first hand. Until we get into the channel and process gravel its anyone's guess if it can be mined profitably. In drift mining gold is where you find it. The fact they found thousands of ounces all around our targets is a helleva motivator or none of us would be posting about it today.
Personally the potential for additional gold resources from this mine over what I know already is significant $$. Enough for me to keep buying shares as we bounce on a one cent lower resistance. Its all a gamble but I like these odds. There is money to be made here.
Not everyone. I am actually in the green here w an average of 011 having left at minimal loss last winter and re-entered this last two weeks. As I have said before... A smart investor or trader coming in now is taking advantage of the cost to investors to-date to get the mine rehab to this point. Its like starting with a fresh kill rather than a smelly old rotten one some of you are claim to hold. Fresh meat beats smelly any day. All indicators are if this burg is gunna move it will do so soon and it will move with new money. Old money needs to just hold and sit back and watch red move towards black. We have our PR to back positive posts for current mine status and stay tuned next week for reports from various investors making a trip to the mine this week. Its gunna be a great trip.
Things are about to get real interesting around here. Hold em boys
Thankfully they miss 95% of the free rides and they don't count against you ;) otherwise I would be in jail for like 3 life terms now 8)
Seems more like its bouncing bottom to me. Last two months anyway. Smart traders ;) made 60% profit on that mid july jump and are probably buying those shares back plus 60% more right now. If and when they show gold from the black channel and announce begin production on that target what do you think the PPS will do? I will tell ya... it will shadow that lil mid July jump. 'If' = Risk = Reward. Only some of us know the risk is small from todays perspective.
All I can do is laugh this one off and be thankful I didn't go whole hog here. Heres to some good news soon!
She will run next week
We can do another trip. I think we are limited by how many we can travel into the mine as well as truck to the mine. We are camping and gold prospecting down rough roads afterwards and my truck is full. I will PM you my email so we can stay in touch in case there is a cancellation.
Brush Crk tried her hand for over ten years and went broke. What are we doing different? Obviously we are operating under much better market conditions with POG near $1300. We are also capitalizing on their hard work and money spent. Brush Crk and her investors spent millions to rehab the mine. They barely got running before the economy shut them down. We know what worked and what didn't. We are looking to increase efficiency by building a new raise to a primary target while exploring for new and easier pay channels to reach. But we are not producing anything yet. Word is we are close. Close to where CL Best left off. We have come this far way cheaper had we had to started from scratch so peeps need to quit biotching cuz we actually got it good and are finally in position. Next week myself and a few other investors will be making a visit to the mine. Hoping verify progress reports and put folks at ease. In the end really the PPS depends on the mine to begin production in some good pay and I am betting we are close. Really close ;)
Wise words. One of the most important things I have learned trading this last year is listen to both sides of the story with an open mind.
We shall see. Trust that i am in a much better position than you to know the potential of the mine, the crew, and how close we are to production. I sold my shares last winter to put that money to work while the mine continued rehab and constructed a more feasible raise into the Black channel. I am not buying them back currently for the he$$ of it. Watch me make money
Don't believe everything you hear ;) he has made mistakes in interviews before. Anyway you look at it its going to be sweet 8)
Divide the float of WNTR as of June 30th by 100. Thats what was handed out as our GCHI divi and where the original poster came up with the ~4 milly float. Makes sense to me but it will be larger than that as the Co will sell shares to the public as part of the IPO?
Its really gold not green. Peeps know whats coming around the corner and its not Bigfoot. At this stage of the game even a caveman can do this. Good time to add or jump in here folks.
Just worry about having enough shares so you don't feel left out. I sold my shares last winter knowing the mine had some work to do before production began. Put that capital to work elsewhere during the hiatus. Based in the recent PR we are close. How close? We can only guess based in what information is provided by the Company. Do your own diligence and come to a conclusion. I know we have succeeded in reaching one of our Primary targets with the new raise. The Black Channel. I am buying up all the shares I can at this point while the SP is at record lows. I will make money. Just watch. Or join me
I concur. The only thing that will stop operations as related to mother nature is access to the mine and or freezing temperatures. Assuming the mine is in production and it is feasible (profitable) to remove the snow in order to continue operations, that wont slow us down much. If temperatures drop below freezing it will freeze up our water sources requires to run the processing plant (trommel). This is sure to happen but it doesn't mean we stop work. The company can stock pile pay or complete other work inside the mine as needed. All depends if it makes dollars and sense.
Glad I jumped....
... In here ;)
Clap clap clap !!
So where is the funds for phase 2 coming from? Dilution? Been here awhile now ... Before the first server put on-line and still just seeing red after a successful 1st phase and pps is not reflecting anything ...
Good explanation and that agrees what we find in the field. What about size of the gold? In my wanderings seems like the gold from the Black Channel and local rivers are general larger than the mostly small usually 'fine' gold found in the white tertiary gravels. Perhaps the theory that the source of the black channel nuggets is local vein gold indeed fact. That this bigger gold didn't travel far. The tertiary gravels of course came from huge rivers 100's miles long and is well travelled.
Dang. I need to read these PR's closer. This sounds a lot better than I first took it for on my first quick read. Can't wait to see the results of the first bulk samples. A gram out of a small bucket full x the drilled volume equals huge potential folks.