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Re: rheddle post# 498

Friday, 09/08/2006 11:09:40 AM

Friday, September 08, 2006 11:09:40 AM

Post# of 1026
rheddle, your comments make me think you know little of what it takes to have a profitable mining operation, though you are right in that processing is normally done on site. A surface mining operation can make money at ore grades as low as .02 opt. Of course that would be a large scale operation.

There is no tailings pile in existence anywhere on earth that is capable of yielding even close to these ridiculous values that the company is spouting.

Furthermore, they are putting out lame releases that show no proof of anything...As well, some of the old ones claimed they'd be in production last year. Yet, no word. Instead, they put out news about some different deal somewhere else. And usually in conjunction with some obscure company with no public info available.

For years, shady promoters and outfits like this have been claiming to be able to extract large amounts of pm's, using some new fangled technique. Think about it, if such technology really existed, the majors would have long ago utilized it.

This company is nothing but a big con. Note the share price, even the undeducated USA penny stock mining investor knows that.