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Yes, a 1 inch hole is perfectly normal for the purpose of twinning.
Yes, these twinned holes are for verifying the quality of the original drill program, as I see it.
If you drill to 150m and your core shows the minerals only present to 120m what would drilling to 150m actually prove?
It would prove to be a waste of money.
Also if you drill to just 80m you can prove the integrity of the prior drilling if the grades are perfectly consistent throughout.
The point is not to replace the cores you have, but to verify that you are not seeing smears or other artifacts in the old cores.
SRSR was not present when the old cores were drilled, so verification is wise.
Twinning of diamond hole to establish the adequacy of RC the holes are normally drilled close by parallel to the original hole as the purpose is to test the quality of drilling rather than establish geological heterogeneity best established by a variographic drill pattern either a cross or rectilinear or staggered grid pattern reflecting known expected geological continuity for each domain to establish the critical variogram short ranges for resource modeling
Twinning can also be used to understand the variation between different drilling campaigns - to ensure the validity of results for campaigns of different eras and / or different companies (i.e. the same type of drilling and sampling technique would be used in the later drilled borehole).
Twinning in the sense it has been commented upon in this discussion is particularly important for understanding the potential performance of coal washing: selected borehole sites will have HQ (wire line or conventional core diameter), 100mm core and 200mm in order to crush to different top sizes then obtain wash ability test results on the samples.
The general rule of thumb is a top size that is 1/4 of the core diameter. This is important as it leads to an understanding of the wash ability distribution across the float fractions in combination with top size and fines generated when crushing to that top size.
Twinning therefore can tie and validate previous work or it can be used to understand the results of different processes used in the handling and processing of a mineral.
You also have to understand that the "value" that is being transferred is not even remotely reflected in the share price of SRSR as it stands. The price which we see for SRSR is the result of a crook being exposed and the fear of his continued pillaging of the company.
Maybe when people see that the company actually has people trying to move it forward instead of using it as an ATM then true value can be unlocked. People are understandably gun shy, that will start to ease when it is apparent to the masses that we are no longer Scott's scam.
This does not have to proceed in a straight line down as you suggest.
Stocks are valued for their future potential, if this proceeds in a professional manner to move to a mine it could be a staggering return for the ones wise enough to play it correctly.
IMO
Bryce,
Thank you for your really well informed post.
How have you been able to be so close to the core of SRSR and see so much detail about the operations?
Do you have any official ties to SRSR?
I am enjoying your post, I just wish we could get this kind of summation from the company.
The reluctance of Scot for so many years to keep the shareholders informed tends to kill the share price through the deterioration of confidence in the man. It also breeds contempt and distrust.
He has for many years now shown contempt for the ones who have spent their hard earned dollars to back this project.
It appears patience have reached the end for many here.
So many times all this stock needed to keep it from destruction was a leader with the backbone to come forward and in great detail explain what has happened, and what the plan for the future is.
Scot has shown his weakness time after time after time to the peril of us, the shareholders.
I do not blame anyone here for wanting a full accounting of what this man has been wasting money on (in detail) for 8 years.
Seems now is the time. If he he needs to hire lawyers (with our money of course) and has nothing to defend then he shouldn't have waited so long to explain himself or answer simple and clearly defined question.
Have you reported that to the SEC? Seems you are complicit if you haven't.
Go NBRI
This isn't Perry's first rodeo. If this company defaults for any reason, including not completing payment's NBRI gets the property back.
Any work done on it would be in our favor.
I do understand the right to downtime. But what is downtime when you aren't doing anything in the first place?
And somehow that is the closest thing that hard working shareholders see about Scott in a year. That is what makes it all the more insulting.
If it was one photo out of 100 of Scott out at the mine site overseeing holes being drilled, or inspecting cores it would be far less inciting.
He has duped shareholders out of a large amount of money while he sips wine in another country. Just shows a lack of ethic to me.
IMO
Maybe Mark Smith is the alternative!
Scott has no place being upset with any shareholder. Everyone who owns shares right now are about 100 times more loyal than Scott deserves.
He has done nothing, and I repeat nothing to deserve the kind of following he has.
He should be released from this project.
Every time I see the photo of him and his bandits drinking wine, I want to smack them all Three Stooges style, because that is what the deserve from the shareholders and nothing more.
There appears to be many more qualified people, probably on a street corner more suited to this task.
A simpleton could tell you that you don't bite the hand that feeds you.
Scott should cultivate and respect shareholders, not backhand them.
Had he done this a long time ago the share price would have been at a price point that it would have self financed much of the projects that he is scraping funds together to do.
JMO
I wouldn't fret too much if the Frasier wasn't a bonanza. It would be fantastic if it was, but if it is JV'ed there isn't too much exposure for NBRI.
If they hit, it is a big deal, if it fizzles at least it won't cost shareholders dearly.
The Ruby is the one causing the pain right now. NBRI needs a win, they need to complete a task. To many excuses, it is crunch time. We will soon know the winners and the losers here.
Can Perry deliver in a crunch? Only time will tell. So far I am not really impressed with his track record. Are they digging the raise with a teaspoon? I just don't know.
I have plenty of skin in this game, but each day that passes makes me go, hummm.
Thanks to the men and women who have given their lives so we have the freedom to express ourselves here and anywhere else.
I have asked that question and many more. The answers are typical "I can't answer with out a PR" that answer solves nothing and doesn't address my concerns. I hear all the time when someone isn't crapping rainbows to go ahead and sell.
I would if the share price even resembled what I paid. So instead, I am left to hope that somehow Perry can pull this off before my shares become zero.
That is about all I have to say on this board. I have backed this stock for many many years, it is time for this stock to pay back.
I don't have a pay account, so I will answer here. It doesn't help. But if someone reads the board in the position of authority then maybe they can see that people are concerned and they need to stop putzing around.
I talk to Perry quite often. So please do not tell me I am wrong.
I see quite clearly where my investment has gone and where it is headed if things do not turn around.
You have your opinion, which I would like to believe, but none of it has come to fruition, and I have mine.
All I can say for sure is, I was told gold would be mined for 3 years ago, and we have a couple ounces.
What I know for a fact is shares keep hitting the market, and will continue without some gold.
Please, don't bother disputing it, they are there for all to see. The gold, not so much.
IMO
I do not wish to see my shares diluted to the point of no return, because continuing to average down without some hard time frames for when gold will come out is a fools game.
I don't think going silent is the answer. The answer is stop making promises that don't come true.
There should be one mindset right now. Finish the raise, find your target and get gold.
As far as "it didn't take 8 weeks to get the one hole drilled" It took to damn long. If you were running airlines and vents just so you could run that drill, then it took 8 weeks to drill one useless hole.
An "whats another 10 days" well probably about 3 million shares or more.
For me, I just want to see actual mining. I want to see gold pay for all this work, not me.
I just don't understand the I don't care, another month another year, whats it matter attitude.
Delays happen, I understand but we are quickly running out of time before the market drives the share price into oblivion, and capital will have to be raised with share counts in the hundreds of millions. That to me is what the difference is about another 10 or 20 or 30 days.
IMO
So, you don't see that it is 3 years after the date we were supposed to be mining, and we are still looking for places to dig?
Can't dig the Frasier, can't seem to dig the Ruby.
What irks me is we are not right on time with the raise, we are past due and now told we are moving in measured steps. What does that translate to in weeks? I don't know because it is again an open pass to take as long as he wants.
We were also just told, oh by the way, after we get the raise done, we need to mess around and fine a place to dig.
I have been here for a very, very long time and I am losing confidence. To spend 8 weeks trying to dig one hole for testing before deciding you don't know what you are doing? That comes at my expense and is inexcusable.
It is time to hold Perry's feet to the fire. Another season without gold will be too destructive to recover from. IMO
That isn't true either. These delays effect everyone, not just one's that want to flip. Delays cost money, money equals dilution my shares become a lesser part of the pie I originally bought.
Every slip, oops and mistake requires more shares to be issues.
That effects everyone. Blunders seem to be more of what I am hearing over actual completed milestones. Results get us closer to profitability, mistakes get us closer to the doors closing. Time is of the essence, and everyone should know that. Perry is determined to open this mine, and keeps saying he will, but at what price to the shareholder? This is my question. Dilution can't be the long term solution, because sooner or later shareholders will be at the point of no recovery.
IMO
It is still gold, they were going to be there working anyways, looks like 50,000 less shares that need to be sold in my opinion!
First of all, if Scott is truly working hard, how come there is nothing reported? Hard work yields results. We have no results, nothing, nada, years of neglect of the shareholder.
No person who runs a public company should treat shareholders with such disdain. It is bad management.
Who is responsible for this terrible stock price and the condition of the company? Would it be the many people here who are showing terrible paper losses? Of course not, it is Scot's poor performance, lack of communications and inability to close on anything.
As far as a reboot? I don't know what you are insinuating there, but if it is a reverse. not a single current shareholder would ever see a penny of their losses recovered in that scenario. I hope to god that Scott can pull something out of his behind that can make traders start to buy this thing, because after almost 7 years, I want off this roller coaster. If I could just get even here I would consider it a win, even though my funds have been tied up for all these years. I don't appreciate what some here call Scot's style, I just call it neglect and laziness.
I don't have a billionaire father to fall back on.
Pretty much everything that impacts SRSR shareholders has been blown off.
Scott has done a poor job, mismanaged this whole ordeal, and we as shareholders get to watch him smile and drink in Italy.
This whole company lacks integrity. Scott stopped communicating with the shareholders and the price rapidly dropped.
Had he showed some balls and dealt with his shareholders instead of going off pouting he would have had a healthy share price and financing much of the drilling and reports could have been done with a little dilution.
Instead he stopped caring, and stopped working and just continued collecting money. I see lots of admin and exploration fees, but nothing to show for them. No wonder Scot's brother is the successful one. It seems Scott is a quitter, and a poor manager.
Go SRSR
Grace Beach Rocks!!! Go NBRI
Anybody want to take a swag at how many RGI shares will be issued based on the latest NBRI AS increase?
Thanks for the link,
Ask a question get an answer, that is why I come here.
Thanks for the feed back. Trying to get an understanding of the PR Perry released. It was made to sound like the gravels were possibly loosened by earlier mining, and would just need scooped out and taken to the mill.
Too bad that wasn't the reality, or we would be looking at some gold numbers any day now.
It was not as clear as I would have liked it to be, but aren't the samples on the way to the mill? Sounded like the blasting permit was not stopping the initial sampling.
The don't need to blast to get to all the gravel they said was on hand do they?
How about we ask where the private placement money is that was raised through the sale of shares for Shining tree?
Or where is the money from the sale of Shining tree claims to Joshua Gold?
Or why he keeps paying Merle when an answering machine could do the same job?
Or why he can't address shareholders like a grown up? I guess being a child with a silver spoon removes him from culpability.
Or we could ask when he plans to actually have some success doing something.
I am sick of Scott's apathy towards shareholders who have to great pains to themselves been loyal and held through all the failures with belief he would succeed. So far anyone believing in Scott has been shut out of all the profit that could have been made in the name of loyalty, maybe a little in return is in order. Scott is starting to look like any other shady pink stock CEO. Line your pocket with fake presses and take a generous salary to fail without as much as a word to the people you have taken down in the process. I used to believe Scott was beyond reproach, but only crooks need to hide, and he has been hiding for years. IMO Sorry, my yearly vent is completed.
Been here almost as long as Perry. :)
Shooting fish in a barrel.
Well, as I recall they did a PP for Shining tree. Where did the money go?
Was it used for Shining tree development? If so, what were those developments?
Just a question, I know no one will ever give an answer.
Succeeding one day is nice, but time for investors is running short. Time is short with the current share structure practically maxed out.
He needs to come up with an financing soon if current shareholders are to avoid too much more dilution.
Do you ever talk to Scott about Shining tree? It seems that too should have been addressed in the update.
There are a lot of investors here with large holding that have been faithful to Scott through out these misadventures. They take care of him, maybe he needs to return the favor by including all the ones who have supported him for so long.
Updates are important good or bad, it should not take 6 months to tell us that nothing happened the past 6 months, but I want some more of your money.
Wow, I guess everyone got what they asked for, an update.
This is another cold slap in the face from Scott.
My faith in this man is all but gone.
His reason for not keeping shareholders informed was" I am a man of great integrity I only update things that have been completed" loads of crap.
I am disgusted to watch my investment eroded year after year, just like the 3 holes he has drilled over the last five years. Pathetic!
What about shining tree? Nothing happening there either? Why do they need another 255,000 dollars? So Scott can fly around China? This stinks.
We haven't heard about shining tree since Scot sold off our property rights to his other company. This is poor management, poor execution, poor communications nothing has been done here to allow Scott to continue
to be the custodian of our money.
Shame on Scott Keevil. Either bring in the right people to make this mine happen, or sell it. Currently nothing it happening but throwing our money year after year into Scott playing CEO.
It is also in the financiers best interest to let the stock rise as well.
They would be fools to just pummel the stock so badly that they put the GOLDEN goose out of business.
You keep sounding like they are going to destroy NBRI. To what end?
Think clearly, they may manipulate the price some on short term basis but they also have a clear vision of where they believe this story will be headed. These guys want to see much better returns over the time they hold.
There will be lots of opportunities to see great appreciation here.
When Perry manages to actually get the gold flowing, the upper hand changes dramatically.
To not have at least a small long position in this stock seems somewhat crazy to me. A small venture could lead to huge returns, and in a very short time frame if things continue along these lines. All explorers are saddled with some type of debt, it is how the game is played. It is just a matter of balance, and Perry seems to be doing it well. We should know in the next month or so. Get a ticket, take the ride it could be incredible. IMO
The NI 43101 report must be carried out by an independent geologist.
Part of the reason why they don't spend the money on the NI-43-101 report is that they already have 5 million in accessible funding from Tangiers.
The Ni-43-101 report is a vehicle to use to obtain a bankable resource to obtain funding. So..why spend the funding you have on a report just to get funding? That makes little sense.
But keep digging and asking questions, we certainly all need to keep doing our DD.
Thanks..
I am not worried or scared about my investment.
I have done just fine.
Your comments have zero bearing on this stock. It is just a tiresome rhetoric.
I have been in this for a very very long time, and I have seen fantastic results. So it has retraced from the highs, big deal. I have been buying from the lows.
It must be a load of fun for Perry to actually be building something. Some people just are never satisfied. Work continues, and I am sure the payoff is just a matter of time.
Thanks for the PM Gem. I don't have PM so I must say it here.
Go NBRI
He sells them to the MM's at a discount, then they can control the market. The shares cost him nothing, the MM's get the markup and the buying gets stuck. This has been happening for about 5 years with this guy.
People warned of the pump, and tried to get people to avoid it but greed overcomes and Berman again sticks shareholders with worthless paper.
A tiger won't change his stripes. If another pump comes, run for the exit, dont walk.
IMO
Seems more like a clear sign of new shares being sold to the market to me.
Pretty simple when you know who you are buying them from.
They couldn't answer without door knobs... couldn't resist..
Yeah, I will be watching to see how that works out for you.. good luck