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Re: MrMan123 post# 86042

Saturday, 04/19/2014 4:31:49 PM

Saturday, April 19, 2014 4:31:49 PM

Post# of 101798
The experience dredger knows approximately how many grams per ton of gold he is collecting or approximately how many carats of diamonds.

An experience dredger cannot tell you exact numbers because the gold has to be purified and valued and the diamonds have to be valued.

The problem here is not the dredger.and nothing to do with African time.

This a company operating on a shoe string budget and is just beginning dredging operations after a 3 year hiatus.

It has been more than a month of operations in Sierra Leone and less than a month in Liberia.

If you can't wait for the company to release numbers give them a call and let them know you want numbers now and let us know what they are. Thanks in advance




This was all explained in a press release:


http://ih.advfn.com/p.php?pid=nmona&article=60871773

We expect to report recovered weights of our recovered gold and diamonds on a monthly basis. This is because final diamond sales will not take place in Africa, rather they will move upstream to achieve better pricing for our company. We are establishing relationships in Dubai and other favorable places where diamonds are polished and cut.


Recovered gold will also leave Africa for a refinery, most probably in Toronto, Canada or Dubai. The final site will be determined by both ease of shipment and future tax consequences. Actual revenues received will be reported in our quarterly and annual reports to be filed with the SEC.

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